Archive · 15 Sep 2026
Tata Sons Listing Could Unlock Value for Tata Power
Tata Sons is the company that owns and guides many Tata Group businesses.
Tata Power owns a small 1.65% piece of Tata Sons.
Tata Sons may eventually be listed on the stock market, although this has not happened yet.
Axis Capital says such a listing could make Tata Power’s stake more valuable.
If Tata Sons were valued at ₹10 lakh crore, Tata Power’s stake might be worth about ₹16,500 crore.
After reducing that estimate for a holding-company discount, the possible benefit could be around ₹35 for each Tata Power share.
Axis Capital therefore kept its “Add” recommendation and set a ₹415 target price.
Tata Power shares recently fell and closed at ₹363.30.
Axis Capital retained an “Add” rating on Tata Power with a ₹415 target price, implying 14% upside.
Tata Power owns a 1.65% stake in Tata Sons, valued at about ₹4,189 crore at book value.
At a potential Tata Sons valuation of ₹10 lakh crore, Tata Power’s stake could be worth roughly ₹16,500 crore.
After applying a 30% holding-company discount, Axis Capital estimates about ₹35 per-share optionality for Tata Power.
Tata Power shares closed 0.5% lower at ₹363.30, despite gaining 159% over the longer term.
- Who
- Tata Power, Tata Sons, and Axis Capital are central to the assessment; the Reserve Bank of India also features in the listing-related development.
- What
- Axis Capital assessed how a possible Tata Sons stock-market listing could affect Tata Power’s valuation and share price.
- When
- The assessment was reported alongside Tata Power’s trading session; the article also cites Tata Power’s 52-week high in April 2026 and low in January 2026.
- Where
- The potential listing would be on the stock exchanges; Tata Power’s cited trading data comes from the BSE.
- Why
- Tata Power owns 1.65% of Tata Sons, so a higher valuation or listing of Tata Sons could increase the perceived value of Tata Power’s holding.
- Axis Capital rating
- “Add” on Tata Power
- Target price
- ₹415, implying 14% upside from the cited closing price
- Tata Power stake in Tata Sons
- 1.65%, with a book value of about ₹4,189 crore
- Illustrative Tata Sons valuation
- ₹10 lakh crore, within a reported ₹9–12 lakh crore range
- Estimated stake value
- About ₹16,500 crore at the illustrative valuation
- Holding-company discount
- 30% applied by Axis Capital
- Estimated share optionality
- About ₹35 per Tata Power share
- Latest cited Tata Power close
- ₹363.30, down 0.5% on the BSE