The rationale: Publicly listed firms similar to Tata Chemical compounds, Tata Metal, and Tata Energy maintain fairness in Tata Sons, which might make the holding firm an oblique recipient of public funds. As of 31 March 2025, Tata Metal held 12,375 shares of Tata Sons, whereas Tata Chemical compounds and Tata Energy owned 10,237 and 6,673 shares, respectively.
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