Tata Sons the holding and promoter company of Tata Group is valued at around Rs 5.08 trillion, based on the current valuation ratio of listed holding companies (holdcos), such as Bajaj Holdings & Investment, JSW Holdings, Grasim Industries, Bajaj Finserv, Bombay Burmah Trading, Mahindra & Mahindra (M&M), EID Parry, and Vedanta, among others. These listed holdcos are currently trading at 42 per cent discount to their net asset value (NAV), based on their market capitalisation (m-cap) on Friday. NAV is the sum of the current market value of their listed investments, unlisted investments minus debt on their books at the end of March this year.
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Tatas reject SP Group’s share-swap proposal, call it ‘nonsense’
Tatas reject SP Group’s share-swap proposal, call it ‘nonsense’
The Tata Group has rejected the SP Group s share-swap separation proposal. Tata Group s counsel told Supreme Court that the valuation proposed by SP Group for its holdings does not make sense.
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UPDATED: December 11, 2020 08:31 IST
The Tata Group has categorically rejected the Shapoorji Pallonji (SP) Group’s share-swap separation proposal and called it “nonsense”.
SP Group had proposed that its 18.37 per cent stake in Tata Sons, which it claims to be worth Rs 1.75 lakh crore, be swapped with the shares in Tata Group’s listed company. However, the Tata Group has rejected the proposal before a bench of the Supreme Court, headed by CJI SA Bobde.
Tata Sons rejects Mistry family s share-swap separation offer, calls it nonsense
Cyrus Mistry-led Shapoorji Pallonji Group has valued its 18.4 per cent stake in Tata Sons at $24 billion (or Rs 1.75 lakh crore) much higher than Rs 70,000 crore and Rs 80,000 crore estimated by Tata Group
BusinessToday.In | December 11, 2020 | Updated 13:35 IST
Tata Group rejects SP Group s share-swap separation offer
Tata group has rejected Mistry family-controlled Shapoorji Pallonji (SP) Group s share-swap separation offer to sever its 70-year-long relationship with the former. The SP Group has valued its 18.4 per cent stake in Tata Sons, Tata group s holding company, at $24 billion (or Rs 1.75 lakh crore), much higher than the Rs 80,000 crore estimate by salt-to-software conglomerate.