Tata Group Stocks: Tata Group Stocks are witnessing a powerful rise in at present’s session. An increase of greater than 12 p.c is being seen in the shares of Tata Investment. The motive for the rise in the group’s shares is the news which can provide traders a giant alternative to spend money on one other Tata Group firm. The IPO of Tata Group’s NBFC Tata Capital could also be launched. The firm can increase Rs 15000 crore from the capital market via IPO. This quantity could be raised via Offer for Sale (OFS) alongside with new shares in IPO.
Tata Capital’s IPO will come!
According to studies, Tata Group has began preparations for the IPO of Tata Capital. The group just lately requested Kotak Investment Bank to begin preparations for an IPO and a few extra bankers could also be appointed in January 2025. Under the guidelines of the Reserve Bank of India, the regulator of the banking sector, Tata Group’s two NBFCs Tata Sons and Tata Capital are required to be listed on the inventory trade by September 2025. Tata Sons holds 93 p.c stake in Tata Capital. Tata Capital’s inventory is buying and selling round Rs 1100 in the unlisted market, which was buying and selling at Rs 450 in December final 12 months.
Tata Technologies IPO to are available in 2023
Earlier in November 2023, Tata Group had introduced the IPO of its firm Tata Technologies and the firm was listed on the inventory trade on 30 November 2023. Tata Technologies’ IPO got here at a problem value of Rs 500 and the inventory was listed at Rs 1200 with a bounce of 140 p.c. Shareholders bought multibagger returns on their investments on the very first day of itemizing. Earlier in the 12 months 2003-04, the IPO of Tata Group’s IT firm TCS had come.
Strong rise in Tata shares
After the news of Tata Capital’s IPO, an increase of 12.77 p.c is being seen in the shares of Tata Investment and the inventory is buying and selling at Rs 7365.95. Tata Chemicals rose by 5.39 per cent to Rs 1090, Tata Coffee rose by 3.54 per cent to Rs 344.80, Tejas Networks rose by 3.88 per cent to Rs 1233, Tata Technologies to Rs 913 with an increase of 2.66 per cent and Tata Motors rose by 2.39 per cent. Also buying and selling at Rs 739.45.
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