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 Kochi.
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 Kochi.
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
Smart Cities Mission: School enrolment up 22%
STEPS TAKEN UNDER the Smart Cities Mission have led to a 22% increase in school enrolment in 19 cities and improved real-time tracking of criminal activities, according to two studies by the Indian Institute of Management, Bangalore.
South steals the spotlight
Hits from Hindi film industry in post-Covid era have been fewer and far between
Does India want BGT win or Rohit back in form?
In case openers KL Rahul or Yashasvi Jaiswal had been struggling, Rohit's elevation would have made sense. But with his form, the change of batting order wasn't really warranted
Byju Raveendran: From boom to bust
BY EARLY 2024, these issues culminated in severe consequences.
UltraTech to buy stake in Star Cement
BOTH THE PLAYERS are snapping up small cement players to consolidate their positions and achieve their targeted growth ahead of time.
IIFL Home Finance expects 15% AUM growth in FY25
Looking at stock market listing, but no timeline yet
Jewellery units lose sheen on weak Rupee
The demand in East Asia, however, has been tepid.
US airline stocks beat market
A RECORD YEAR FOR travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.
Nissan shares decline most since August
NISSAN MOTOR'S SHARES declined the most since August's market rout, amid volatility as investor focus shifts to the terms of the carmaker's planned deal with Honda Motors.
Squid Game stocks tank
A LESS-THAN-PERFECT debut for the new season of Netflix's blockbuster series
