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On Tuesday, Tata Steel said that it has sold 2.18 percent of its stake in the group firm Titan to Tata Sons for over Rs 637 crore.
The company in a BSE filing said, that it “has on August 11, 2015 sold 1,93,87,920 shares (2.18 percent) of Titan Company Ltd to Tata Sons Ltd through a market sale for a net consideration of Rs 637.46 crore.”
At the time of presenting the June quarter results it said in a statement that “Tata Steel continues its strategy of monetising non-core assets and has raised about Rs 1,000 crore during the quarter by selling a part of its equity portfolio.”
