MUMBAI: Veteran industrialist Ratan Tata has acquired a stake in the publicly-listed Pritish Nandy Communications, widening his portfolio of investments.
Tata, who has become an active startup and technology investor after his retirement from Tata Sons in 2012, purchased the stake by buying shares from the market last week.
In a statement to the BSE, Pritish Nandy Communications said Tata has invested in the company in his personal capacity. It didn’t disclose details about the investment size and the stake picked up by Tata.
Shares of Pritish Nandy ended at Rs 23.5 by close of Monday’s trade on the BSE amid a weak market. They were up 9.8% compared to the Friday’s closing price.
The Mumbai-based content creator was founded by former journalist Pritish Nandy in 1993. The company went public in 2000.