Mr Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts, has, in his personal capacity, acquired a stake in Pritish Nandy Communications Ltd through market purchases last week, PNC informed in a regulatory filing.
Pritish Nandy Communications claims to be one of the first corporate entities in Bollywood.
Founded by Pritish Nandy, poet and journalist, PNC was one of the first media and entertainment companies to go public in 2000, when it was listed on India’s two stock exchanges, the BSE and the NSE, where it is among the few listed stocks in the sector, according to the company.
Well known global funds like Soros, Oppenheimer, Alliance and Lloyd George hold PNC stock. The company claims to have grown consistently over the 18 years of its existence.
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