Share this article

Tata AutoComp Systems has sold a circa 6% stake in its joint venture firm Automotive Stampings and Assemblies for INR35.8m, stock market data showed.

Automotive Stampings, which supplies sheet metal components to the automotive industry, is a joint venture between the Tata group firm and Spain’s Gestamp Servicios.

Data on India’s BSE showed Tata AutoComp had sold 638,790 shares at INR56.02 each, according to Reuters.

As of end-December, Tata AutoComp had a 43.86% stake in Automotive Stampings with Gestamp owning 37.5%, BSE data showed.

Automotive Stampings shares closed down 2.7% in a weak Mumbai market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData