Tata
group hikes stake in Voltas to 25.8%
Economic Times August 13, 2002
The
Tata group has increased its stake in engineering
major Voltas from 20% to 25.8% during the last
fiscal, chairman Ishaat Hussain said at the company’s
annual general meeting. Responding to queries
from shareholders about the investment of Lok
Prakashan, publisher of Gujarat Samachar in the
company, Mr Hussain said: "They are happy
with the management." The Gujarat Samachar
group has over 14% stake in the company.
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