Ratan Tata
Ratan Tata buys stake in Pritish Nandy Communications
Mumbai/IBNS: Tata Group Chairman Emeritus Ratan Tata has purchased a stake in Pritish Nandi Communications (PNC), in his personal capacity, said media reports.
"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 said in an exchange filing, reported Business Today.
PNC, a media and entertainment company, was founded by well known journalist Pritish Nandy. It went public in 2000.
Tata has invested in a slew of startups like Ola, Paytm, Snapdeal, CureFit, Urban Ladder, Lenskart, and Lybrate, according to the report.
Tata had picked up a stake last May in teenager entrepreneur Arjun Deshpande's Generic Aadhar which provides low cost medicines based on a unique business model.
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