Tata Sons surpasses central government as largest promoter of listed companies
By MYBRANDBOOK
In the 2020, Tata Sons surpassed the government of India as the largest promoter with maximum listed companies. It is for the first time in nearly 20 years that the central government is not the largest promoter of public companies, according to a report.
This was attributed to a double-digit fall in market capitalisation of public-sector units (PSUs) during the CY 2020. Tata Sons’ stake in group listed companies increased by 34.4% year-on-year (YoY) to Rs 9.28 lakh crore.
Tata Sons' stake in the conglomerate's listed companies has increased over 34 per cent in the past one year to Rs 9.28 lakh crore, which is higher than the Government of India's stake in public sector undertakings, Rs 9.24 lakh crore, reports said
In the same period, the government’s stake in listed entities on the bourses decreased by 19.7% YoY to Rs 9.27 lakh crore.
Tata companies also beat PSUs in terms of market-capitalisation (m-cap), which refers to the total market value of a company’s outstanding shares.
M-cap is referred to as a measure of a company’s size by measuring it’s worth the open market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
As of December 31, 2020, the total m-cap of 15 Tata group companies stood at Rs 15.6 lakh crore, up by 11.6 lakh crore as compared to December-end in 2019.
In stark contrast, the cumulative m-cap of 60 government-promoted PSUs was at Rs 15.3 lakh crore on December 31, 2020 down from Rs 18.6 lakh crore exactly one year ago.
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