Tata Group Chairman Emeritus Ratan Tata has bought a stake in Pritish Nandy Communications. The company has given this information to the stock market. How much investment and how much stake Ratan Tata has made has not been disclosed. Pritish Nandi Communications (PNC) said in a regulatory filing, “Tata Sons Chairman Emirates and Tata Trust Chairman Ratan Tata have taken a stake in their personal capacity in PreTish Nandi Communications Ltd through market purchases last week.” The company said that Tata has invested in startups and technology companies.
PNC shares jumped 10%
After the news of Ratan Tata’s investment, Pritish Nandi Communications shares saw a 9.81 per cent jump on BSE at the close of business. The share price of the company stood at Rs 23.50. PNC was listed on the stock market in the year 2000. PNC is a smallcap company.
What is PNC’s business?
Pritish Nandi Communications is working in the cinema and entertainment industry. According to the information available on the company’s website, PNC is the first movie company in the country. Pritish Nandi Communications was established in September 1993. It started as a TV content bouquet and during this time it has produced many news and entertainment shows. Presently the value of PNC is 265.3 crores.