Net profit of Tata Investment Corporation declined 23.51% to Rs 15.06 crore in the quarter ended December 2018 as against Rs 19.69 crore during the previous quarter ended December 2017. Sales declined 10.75% to Rs 25.25 crore in the quarter ended December 2018 as against Rs 28.29 crore during the previous quarter ended December 2017.

Powered by Capital Market - Live News

Tata Investment Corporation will hold a meeting of the Board of Directors of the Company on 4 February 2019.

Powered by Capital Market - Live News

Tata Investment Corporation has fixed 11 January 2019 as the record date for the purpose of determining the entitlement and the name of the equity shareholders who shall be eligible to eligible to participate in the buyback of the Company.

Powered by Capital Market - Live News

The announcement was made after market hours on Friday, 16 November 2018.

Meanwhile, the S&P BSE Sensex was up 74.41 points, or 0.21% to 35,531.57.

On the BSE, 44,000 shares were traded in the counter so far compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 890 and a low of Rs 860.30 so far during the day. The stock hit a record high of Rs 955 on 10 January 2018. The stock hit a 52-week low of Rs 654 on 26 October 2018.

Tata Investment Corporation announced that its board approved a proposal to buyback upto 45 lakh equity shares of the company for an aggregate amount not exceeding Rs 450 crore, being 8.17% of the total paid-up equity share capital, at Rs 1,000 per share.

As on 9 November 2018, promoter companies held 72.98% stake in Tata Investment Corporation.

Net profit of Tata Investment Corporation rose 26.40% to Rs 91.30 crore on 22.07% rise in total income to Rs 100.60 crore in Q2 September 2018 over Q2 September 2017.

Tata Investment Corporation, a non-banking financial company, is primarily involved in investing in long-term investments such as equity shares and equity-related securities.

Powered by Capital Market - Live News