Tata feud wipes ₹52,154 crore off listed companies’ market value

The Tata Sons-Tata Trusts leadership standoff wiped out around Rs 52,154 crore (approximately $5.44 billion) in market value from the group's listed companies in a single session. TCS bore the heaviest loss at Rs 34,372 crore, followed by Titan (Rs 9,100 crore), Tata Steel (Rs 4,057 crore), Tata Motors Passenger Vehicles (Rs 3,996 crore), and Tata Chemicals (Rs 2,214 crore). The selloff followed Tata Sons' board voting 4-1 to recommend a five-year extension for chairman N. Chandrasekaran, which Tata Trusts chairman Noel Tata opposed and termed illegal, raising concerns over future capital allocation across the group's businesses.