The Tata Group chairman laid out his vision in a gathering of Tata group leaders and urged group chief executives to intensify efforts in propelling growth and fostering additional momentum across key sectors
The IPO could hit the market by the end of 2024. Separately, the conglomerate is also considering transferring some of its non-core assets to Tata Capital. The Tata Group is planning to bring about an IPO to restructure operations and make the company public.
The RBI circular dated October 22, 2021, directed that NBFC-UL should be mandatorily listed within 3 years of identification as NBFC-UL. The central bank classified Tata Sons as an “upper layer” NBFC in 2022.
If Tata Sons reorganises debt by repaying borrowing or transferring the holding in Tata Capital to another entity, it may get deregistered as a core investment company (CIC) and upper-layer NBFC.
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.