Tata Motors share price declines on SPV incorporation
after close1 source ↓written by the desknot a recommendation
- Tata Motors fell
- 0.39%
- amid the incorporation
- ₹385.55
- where it holds
- 20% equity
- in the past
- 10.18%
- year-to-date
- 9.76%
Shares of Tata Motors fell 0.39% to ₹385.55 amid the incorporation of a special purpose vehicle (SPV), Teesta Renewable Energy Pvt Ltd (TREPL), where it holds 20% equity. This move comes just ahead of the company's Q4 results announcement today. The stock has declined 10.18% in the past week and 9.76% year-to-date.
Not investment advice. For informational purposes only.