SHARES OF TATA group companies post gains on Tuesday after reports suggested that the salt-to-software conglomerate has begun the groundwork to list its financial services arm, Tata Capital, through an initial public offering (IPO) of $2 billion or around ₹17,000 crore.
The IPO is expected to happen before September 2025—the deadline for meeting the upper-layer NBFC guidelines of the Reserve Bank of India (RBI).
The rally in some of these stocks took place on hopes of value unlocking. Tata Investment Corp shares rose 4.2% to close at ₹6,799, off the day's high of ₹7,411. Tata Motors scrip gained 1.9% to ₹736 while shares of Tata Chemicals added 3.2% to close at ₹1,068. All these companies hold stake in Tata Capital.
هذه القصة مأخوذة من طبعة December 25, 2024 من Financial Express Chennai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 25, 2024 من Financial Express Chennai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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