Tata considering sale of Voltas home appliance business: Report
Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said
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Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said
The Tata Group has a nearly 30% stake in the business which shares fell nearly 2% to a session low of 813.80 on Tuesday.
Tata is mulling the sale of Voltas Ltd.'s home appliance division due to the challenges of expanding in a competitive market. Discussions are in the early stages, and it's uncertain whether the local joint venture with Arcelik AS will be included. Tata Group has not made a final decision on the sale.
A total of 2,425 shares changed hands on the counter till 12:12PM (IST)
A total of 8,656 shares changed hands on the counter till time (IST).