Tata's ₹10 lakh crore wipeout drags Trent, TCS as governance cloud thickens
Tata Group's listed market cap has shed nearly ₹10 lakh crore since September 2024, falling 28.7% to ₹24.4 lakh crore amid succession uncertainty at Tata Trusts and Sons. Retail-facing Trent is down ~40%, with Tata Motors and Tata Consumer also bruised by FPI outflows.
What happened
Tata Group listed companies have lost nearly ₹10 lakh crore in market cap since Ratan Tata's death amid governance and succession uncertainty at Tata
Key facts
- ₹10 lakh crore lost
- market cap down 28.7% to ₹24.4 lakh crore
- Trent down ~40%
- Tata Trusts holds 66% of Tata Sons
Why this matters
Tata's distraction and depressed currency weaken its appetite for retail M&A, opening a window for rivals to pursue brand and format acquisitions Trent might otherwise contest.