Tata Motors Passenger Vehicles slid 2.9% to ₹273.3, its lowest in 52 weeks, on Tuesday's trading session.
The slide follows the Tata Trusts' Monday evening proposal to merge Tata Electronics and Tata Consulting Engineers into Tata Sons, a move that would reshape the group's core investment structure. The proposal also signals a push for Tata Sons to abandon its NBFC and CIC status, potentially easing RBI regulatory hurdles.
Hetal Dalal of IiAS told CNBC‑TV18 that the reorganisation hinges on RBI approval and consensus among Trust members, and that board support from Venu Srinivasan, a pro‑listing advocate, remains uncertain.
Tata Chemicals shares slid 3.2% to ₹620.6, down 17% YTD, while Tata Investment Corporation fell 2.3% to ₹629.85, trailing 10% YTD losses.
Market participants are awaiting the board's decision on the merger and its impact on the planned Tata Sons listing, with analysts noting that the outcome will set the tone for the group's future valuation.