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Tata Chemicals led the gains, rising as much as 20%, its biggest advance since 2009. Tata Investment Corp jumped 10%, while Tata Motors Passenger Vehicles, Indian Hotels and Tata Power, which had surged in early trade, gave up most of their gains and closed flat. Read more: Sebi plans shorter disaster recovery drills, stronger backup rules for exchanges Ravindra Singh, chief research officer of Master Capital Services sees around 13-210% potential equity value creation for Tata Chemicals, depending on the valuation assigned to Tata Sons. Other potential beneficiaries include Tata Power, Indian Hotels and Tata Consumer Products, with seven listed Tata Group companies together holding around 11.94% of Tata Sons. However, the listing may not necessarily translate into immediate cash for the listed Tata companies. Read more: Prashant Jain’s 3P India among anchors as Hero Motors raises Rs 300 crore ahead of IPO "Tata Sons listing will unlock cash value for group companies is a misnomer. It will set a valuation benchmark as an embedded value in each company, as currently the investment is on book value. But there is no reason to think that group companies will sell shares in the open market and realise value," said Manish Bhandari, chief executive officer and portfolio manager at Vallum Capital. Bhandari said Tata Sons does not have the cash flow to undertake a buyback and that the listing is being forced on the group. He added that the market currently has limited visibility on Tata Sons' financials and a listing would bring its financial obligations into greater focus. SP Group Climbs Shares of Shapoorji Pallonji Group companies also gained after the RBI decision. Afcons Infrastructure, which had rallied nearly 20% in early trade, pared most of its gains to close 3.5% higher, while Forbes & Co gained 18%. The SP Group owns an estimated 18.37% of Tata Sons. A Tata Sons listing would potentially give a debt-laden SP Group a liquid route to monetise its sizable stake in the company. Tata Sons could be valued at about Rs 12.5 lakh crore, according to calculations cited by Deven Choksey, managing director at DRChoksey FinServ. At that valuation, the 11.94% stake held by seven listed Tata Group companies would be worth roughly ₹1.49 lakh crore. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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