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.
この記事は Financial Express Delhi の December 25, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Financial Express Delhi の December 25, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
At the G, India up against Head-strong Australia
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Heated coaches, airport-like security check
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Heated coaches, airport-like security check
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The Angry Young Man
₹ impact on auto sector
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Impact on auto sector
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