Surpassing the centre, Tata sons at the end of 2020 is the largest promoter of listed companies. As per the BS report, this is for the first time in nearly two decades when the government does not ranks on the top. This is as the m-cap of PSUs tumbled.
Tata Sons stake in the conglomerate's listed companies is now worth Rs 9.28 lakh crore, up 34.4 percent on a year-on-year (YoY) basis, the report said. In comparison, the centre's stake in PSUs is now at Rs. 9.24 trillion, 19.7 percent lower than at the end of December 2019.
At the end of December 2019, the market valuation of the government's stake in PSUs was nearly 67 percent higher than that of Tata Sons' holding in its group companies.
In March 2015, the government's stake in listed PSUs was two and a half times more valuable than that of Tata Sons in the conglomerate's listed companies, the report added.
The report also said the total market capitalisation of Tata Group companies was Rs 15.6 lakh crore on December 31, 2020, higher than the value of PSUs which stood at Rs 15.3 lakh crore. In comparison at the end of 2019, the valuation of listed PSUs was Rs 18.6 lakh crore, as against Tata group companies' Rs 11.6 lakh crore.
Also, this for the first time in 20 years that PSUs do not rank as the largest group companies on exchanges in m-cap terms.