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Deal▼ Bearish for Tata Sons
Why are Tata group stocks falling today? TTML, Tata Chem, TMPV dip up to 5%
The brief
- Tata Trusts proposed merging TESS and TCE with Tata Sons
- TTML, Tata Chemicals and Tata Motors PV fell by up to 5%
- The proposed restructuring and share declines put Tata group investors, including TTML and Tata Chemicals holders, in focus
- Volumes jump at Tata Teleservices (Maharashtra) Ltd counter
- Tata Teleservices (Maharashtra) Ltd leads gainers in 'A' group
- Tata Teleservices surges 7%, Physicswallah falls up to 4% at Nifty 500 market open
Tata Trusts' proposal on Tata Sons listing
Tata Trusts proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers into Tata Sons, a restructuring intended to avoid the RBI listing requirement. The plan requires RBI approval and could affect Tata Sons’ NBFC and CIC classification.
Tuesday, 29 September
- Why are Tata group stocks falling today? TTML, Tata Chem, TMPV dip up to 5%