Tata Sons — the holding and promoter company of Tata Group — is valued at around Rs 5.08 trillion, based on the current valuation ratio of listed holding companies (holdcos), such as Bajaj Holdings & Investment, JSW Holdings, Grasim Industries, Bajaj Finserv, Bombay Burmah Trading, Mahindra & Mahindra (M&M), EID Parry, and Vedanta, among others.
These listed holdcos are currently trading at 42 per cent discount to their net asset value (NAV), based on their market capitalisation (m-cap) on Friday.
NAV is the sum of the current market value of their listed investments, unlisted investments minus debt on their books at the