4 articles
S&P Global states Tata Sons' leadership changes and IPO will not immediately impact ratings of subsidiaries like Tata Steel and Tata Power, though long-term capital scrutiny may increase.
Shapoorji Pallonji Group supports Tata Sons' potential listing, resolving a boardroom dispute with Tata Trusts and potentially reshaping ownership of the conglomerate which includes steel and consumer
Tata Group stocks declined after Shapoorji Pallonji Group proposed selling a $2.6 billion stake in Tata Sons, causing Tata Chemicals shares to tumble 7.8% and other industrial units to drop.
Tata Group shares surged after India's central bank rejected a deregistration application, reviving listing hopes. Tata Chemicals led gains with a 20% rise.
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