Tata Sons owned 29.Tata Motors shares closed at 455.It cited "restructuring of investment portfolio" as the reason for the planned deal..75 percent of Tata Steel at the end of March, while Tata Motors owned a 0.9 percent in the vehicle maker.Tata Sons will buy about 83.Tata Sons owned 28.New Delhi: Tata Sons Ltd, the holding company of Indias salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltds stake in Tata Motors square head wood screw Ltd on or after June 23, it said in a regulatory filing on Saturday.

46 percent stake in the steelmaker, according to stock exchange data.6 million shares in Tata Motors at or around the prevailing price of the stock on the date of the planned acquisition, it said in the filing.71 percent of Tata Motors at the end of March, while Tata Steel owned 2.75 rupees in Mumbai trading on Friday.The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation. That would mean banks will have to increase provisioning by another 25 per cent this fiscal, compared with nine per cent in the last fiscal."

Crisil senior director Krishnan Sitaraman said.The SBI, which is the lead banker to six of these 12 accounts, has already referred Bhushan Steel, Essar Steel and Electrosteel Steels to the NCLT, while PNB has sent Bhushan Power to the same body last week. It said that the banks have already provisioned 40 per cent for these accounts worth Rs 2 trillion, which is equal to a quarter of the total NPAs in the system. "Also, it sends a strong signal to borrowers to adhere to credit discipline and also encourages banks to break resolution deadlocks with definite timelines," he said