Tata Sons to reduce cross-holdings

Group firms own shares worth Rs 8,000 cr in other operating companies

Tata Sons, the holding company of the $104-billion Tata group, plans to buy shares worth about Rs 7,000 crore from  group companies that hold shares in other listed group firms. 

Companies such as Tata Steel, Tata Chemicals and Tata Power own shares of other group companies. For example, Tata Steel has the largest holding in group companies, valued at Rs 4,193 crore — with Rs 3,856 crore in Tata Motors. 

Tata Sons will buy some of these stakes and increase its direct shareholding in operating companies. The cross-holding structure of the group has come under the scanner in the past,