Tata Sons now the largest promoter of listed companies: Report

Even as 2020 spelt doom for most, for Tata Sons the end of the year meant a new peak: surpassing the government to be the biggest promoter of listed companies.

Owing to a steep decline in market capitalisation of companies owned and promoted by the government of India, Tata Sons’ stake in Tata group’s listed companies is now worth Rs 9.28 trillion, up 34.4 per cent year-on-year while that of the government is currently Rs 9.24 trillion (down 19.7 per cent year-on-year), according to a Business Standard report.

Companies owned and promoted by the Tata group companies have also overtaken PSUs’ market capitalisation.