Tata Sons overtakes govt as largest promoter of listed companies

Tata Sons ended the calendar year as the largest promoter of listed companies in the country, ahead of the central government. 

For the first time in nearly two decades, the government is no longer the largest promoter group on the bourses, thanks to a double-digit decline in the market capitalisation of government owned and promoted companies during the calendar year.

Tata Sons stake in the group’s listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. 

In comparison, the Government of India’s stake in listed central public sector undertakings (PSUs) is currently valued