Just when the shares of Tata Consultancy Services (TCS) hit a fresh lifetime high of Rs 4,254.45 on BSE on Monday, investment banker JP Morgan issued the term sheet of a block deal in which Tata Sons was looking to sell 2.43 crore shares of the software company. The next day, a large block deal …
Shares of Tata Chemicals, which rallied 36% in the last 4 trading sessions, hit the 10% lower circuit limit at Rs 1,183.45 on BSE in Monday’s trade as the Tata Group is said to be trying to avoid the Tata Sons IPO. The impact was also felt on Tata Investment Corporation shares which hit the …
Tata Chemicals Ltd, whose shares surged 40 per cent in the previous six trading sessions, took a beating on Monday morning, falling about 9 per cent amid reports Tata Sons is evaluating options to avoid an initial public offer (IPO), which Kotak Institutional Equities said should deflate speculation around value-unlocking at Tata Chemicals. Kotak said …
Tata Sons is considering various options to adhere to the Reserve Bank of India’s (RBI) mandates regarding upper-tier Non-Banking Financial Companies (NBFCs), according to a report by CNBC-TV18. According to RBI regulations, any upper-layer NBFC is mandated to list its shares within three years, with Tata Sons expected to adhere to this directive by September …
Investors betting on a further jump in the Tata Chemicals Ltd stock are in a spot after reports surfaced that Tata Sons Pvt. Ltd, the principal holding company of Tata Group, may restructure its balance sheet to avoid a mandatory listing by September next year. Investors betting on a further jump in the Tata Chemicals …