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Shares of Tata Chemicals hit lower circuit as Tata Group tries to avoid Tata Sons IPO. Tata Investment Corporation joins after rally. Tata Sons explores restructuring options to avoid getting listed.
If the Tata Sons IPO does not materialise, Tata Chemicals will lose on the potential value unlocking as it is expected to be the biggest beneficiary of the much anticipated public issue
Tata Chemicals share price target: Kotak said its fair value for Tata Chemicals remains at Rs 780, and that it continues to expect EPS for the Tata group company to fall by about two-thirds over FY2023-25E amid falling margins on soda ash.