Tata Stocks dropped by 10%

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Due to the recent events surrounding Tata Sons' IPO, shares of Tata Chemicals Ltd. and Tata Investment Corporation saw 10% and 5% declines, respectively, on Monday.

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The company is evaluating several possibilities to adhere to the Reserve Bank of India's upper-tier NBFC standards, and a listing by Tata Sons seems unlikely shortly.

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[{"selector":"#anim-21a997ee-fe04-4aeb-be15-4b6b1b2d67e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Around 80% of Tata Chemicals' total market capitalization is owned by Tata Sons; for Rallis and Tata Investment, that percentage ranges from 16% to 21%. 80% of Tata Chemicals is owned by Tata Sons

[{"selector":"#anim-30ee1a6e-4e44-4f93-9fa0-bd4fcc0ab6f9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tata Chemicals' stock increased by more than 40% last week after Spark Capital stated in a report that Tata Chemicals, which holds a 3% interest in Tata Sons, is the most practical approach to profit from the Tata Sons' IPO. Tata Chemicals stocks rose by 40% last week

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Tata Stocks dropped by 10%

Published : 11 March 2024

Due to the recent events surrounding Tata Sons' IPO, shares of Tata Chemicals Ltd. and Tata Investment Corporation saw 10% and 5% declines, respectively, on Monday.

The company is evaluating several possibilities to adhere to the Reserve Bank of India's upper-tier NBFC standards, and a listing by Tata Sons seems unlikely shortly.

Check out more 5paisa webstories

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