In today's trading session, Tata group stocks witnessed mixed reaction from investors on news that Tata Sons, the holding company of the Tata group, has pledged shares of some of the group companies, to finance operations in a tight liquidity situation in the credit market.
 
In its filing with the NSE, Steel giant Tata Steel, announced that the company's founders have pledged 9.89 crore shares, or 13.53 per cent of the total equity capital.

In other release, Indian Hotels said that its founder Tata Sons has pledged 2.5 crore shares or 3.46 per cent of the company's total shares to raise cash.

In third disclosure, Tata Sons has notified that it has pledged its 100 per cent holding in its group firm Tata Coffee to raise resources. The company quoted in a statement that Tata Tea Limited, the main promoter of Tata Coffee has pledged 1.07 crore shares representing 57.48 per cent stake for an undisclosed amount.
 
In fourth disclosure Tata Power, India's largest private sector power utility, said that its promoter Tata Sons Ltd, the main investment firm of the group, had pledged 3.23 crore shares, or 14.59 per cent of the total equity.

Lastly, Tata Teleservices (Maharashtra) revealed that its promoters had pledged 94.28 crore shares, or 49.7 per cent of its equity.
 
Market experts believe that recent overseas and multi-billion dollar acquisitions by the Tata Group have led the conglomerate to raise funds through several routes including pledging shares.

It may be noted that today is the last day for such disclosures i.e. regarding pledged shares, as set by the market regulator.