IPO set to unlock value in group companies holding Tata Sons stake
MUMBAI: Nine Tata companies – seven listed, two unlisted – hold 12.8% of Tata Sons. The seven listed companies alone account for 11.9%. They have held these stakes (see chart), treated as dead capital, for three decades, with no exit and no public valuation. That changes if Tata Sons lists in compliance with Reserve Bank…
