Tata Chemicals shares rise up to 5% as RBI retains Tata Sons in the Upper Layer NBFC list: Here's why

Tata Chemicals shares rose up to 5% after the RBI retained Tata Sons in the Upper Layer NBFC list. Tata Chemicals holds a 3% stake in Tata Sons, valued at about Rs 20,000 crore. This value is more than the market capitalisation of Tata Chemicals stock, which helped the shares.