Tata Group Update: The country’s largest industrial conglomerate Tata Group may reduce the number of its companies listed on the stock market. Tata can take this decision for the purpose of giving big size to the companies. At present, a total of 29 companies are listed on the Tata Group’s stock exchanges, whose number can be reduced to 15.
According to media reports, this decision is being taken for the better growth of group companies and to increase cash flow by creating bigger companies. A total of 29 companies are listed on the Tata Group’s stock exchange. But there are 60 such companies which have not been listed on the stock exchange. There are 10 such sectors in which there are more than 100 subsidiaries. Under the leadership of Tata Group Chairman N Chandrasekaran, the entire focus of the group is going to be on consolidation. That’s why this decision is being taken.
Last week, the Tata group decided to merge seven of its steel companies with Tata Steel. Of these seven, four are already listed in the stock market. Earlier, a decision was taken to merge Tata Coffee with Tata Consumer Products.
There are three companies of the Tata group in the field of technology. Apart from TCS, Tata Elxsi and Tata Digital are included in this. TCS and Tata Alexi are listed on the stock exchange but Tata Digital is not listed. Tata has three listed companies in the automobile sector which include, apart from Tata Motors, Tatamotiv Stamping & Assemblies Limited and Automotive Corp of Goa. On the other hand, Tata Autocomp Systems is yet to be listed. In the aviation sector, Air Asia, Vistara have plans to merge with Air India by 2024.
Companies related to Tata Infrastructure can include Tata Projects, Tata Consulting Engineers, Tata Realty & Infrastructure and Tata Housing in a big infrastructure company. This decision of the Tata group will make a big company in every sector, which will make it easier to compete and it will also help in reducing unnecessary expenses.
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