Tata Sons IPO: Why Tata Chemicals may be the biggest beneficiary although Tata Motors, Tata Steel own bigger stake

Tata Sons’ potential IPO and internal governance dispute are driving volatility across Tata Group stocks, with Tata Chemicals seeing the sharpest moves. Its 2.5% Tata Sons stake is worth about Rs 30,052 crore, exceeding its market capitalization. Investors expect significant value unlocking, while Tata Trusts’ opposition to Chandrasekaran’s reappointment adds uncertainty around the IPO.