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Published: March 31, 2024
Updated: March 31, 2024
At least two brokerages recently reported that Tata Sons was coming out with an IPO. This led to a massive rise in Tata group shares, especially Tata Chemicals, as the latter holds a 3 per cent stake in Tata Sons.
But the Tata group has different plans. Instead of an IPO, the group was actually planning on how to avoid an IPO so that it does not give an exit window to the Shapoorji Pallonji group which is in financial difficulties and is unable to encash its 18.4 per cent stake in Tata Sons.
Tata Sons decided to sell its 0.7 per cent stake in Ta t a Consultancy for Rs 9,000 crore and use the proceeds to pay off its entire bank debt.
At the same time, Tata Sons is planning to list Tata Capital and reduce its stake to below 50 per cent. This will help it meet RBI norms and declassify as an upper layer NBFC.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
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