Ratan Tata acquires stake in Pritish Nandy-led firm

NEW DELHI: Pritish Nandy Communications (PNC) on Monday announced that Tata Group Chairman Emeritus Ratan Tata has acquired a stake in the company, “in his personal capacity”. The company, however, did not disclose the amount of stake acquired by the industrialist. After the announcement, the shares of PNC surged 9.81 per cent to close at Rs 23.50 on the BSE.

“Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts, has, in his personal capacity, acquired a stake in Pritish Nandy Communications through market purchases last week,” said Pritish Nandy Communications (PNC) in a regulatory filing.