← Market pulse
Market move▼ Bearish for Tata Sons
Rs 2.7 lakh crore gone! Tata Sons tussle wipes out 10% value of Tata group stocks
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| TATACHEM | Thu, 1 Oct | −0.6% | +0.3% | 0.3× | −0.6% · Nifty −0.9% |
| TATACONSUM | Thu, 1 Oct | +0.8% | +1.7% | 1.5× | +0.8% · Nifty −0.9% |
| TMCV | Thu, 1 Oct | −1.5% | −0.6% | 1.1× | −1.5% · Nifty −0.9% |
✗ Classifier read this as negative; TATACONSUM rose 1.7% against the Nifty on the day it traded.
Tata Sons restructuring and listing dispute
Tata Trusts proposed restructuring Tata Sons, including merging TESS and TCE, potentially removing its NBFC and CIC classifications and avoiding a listing. Noel Tata says the proposal complies with RBI rules and argues a listing could constrain Tata Sons’ ability to support struggling group companies; the proposal’s approval and governance are contested.
Thursday, 1 October
- Rs 2.7 lakh crore gone! Tata Sons tussle wipes out 10% value of Tata group stocks