The Tata Group companies mentioned in the statement by S&P Global Ratings include Tata Steel Limited, Tata Motors Limited, Jaguar Land Rover Automotive PLC (JLR), Tata Power Company Limited, TML Holdings Private Limited and ABJA Investment Company Private Limited.
The credit rating of 6 big companies of Tata Group may increase. S&P Global Ratings has put six companies of Tata Group under credit monitoring with the expectation of rating increase. The rating agency said that this may increase the support of Tata Group. After this news, the companies of Tata Group may see an increase. Let us try to understand in the report that which are the companies of the group whose credit rating may increase.
The credibility of these companies will increase
The Tata Group companies mentioned by S&P Global Ratings in the statement include Tata Steel Limited, Tata Motors Limited, Jaguar Land Rover Automotive PLC (JLR), Tata Power Company Limited, TML Holdings Private Limited and ABJA Investment Company Private Limited. The rating agency said that this rating action has been taken before the review of the relationship between the group's holding company Tata Sons Private Limited (unrated) and its subsidiary companies. S&P Global Ratings said that its review will assess whether the possibility of extraordinary support from Tata Sons to the group companies is higher than previously estimated. The agency said that this has happened due to the increase in operational and management relationships within the group.
Rise in shares
By the time the market closed on Friday, Tata Motors shares rose 0.78 percent to close at Rs 993.40. Tata Motors JLR shares rose 0.29 percent to close at Rs 667.85. Tata Steel shares closed marginally higher at Rs 182.50 on Friday. On the other hand, Tata Power shares saw a slight decline. After which the company's shares closed at Rs 448.60. According to experts, the company's shares may rise on Monday. Tata Group is the country's largest group in terms of market cap.
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