Tata Capital Unlisted Shares
Tata Motors, Tata Investment shares rise upto 3% amid buzz over Tata Capital eyeing $11 bn valuation
money control
2 min read
Tata Motors, Tata Investment Gain Up to 3% on Tata Capital’s $11B IPO Buzz.
Expert Analysis :
IPO Plans: Tata Capital targets a $11 billion valuation, aiming to raise up to $2 billion, potentially India’s largest IPO of the year.
IPO Approval: Tata Capital’s board cleared the IPO with a fresh issue of 23 crore shares and an OFS, targeting a listing by September 2025.
Stock Surge: Tata Motors and Tata Investment rose up to 3% on March 4 amid reports of Tata Capital’s $11 billion IPO valuation.
Stakeholder Benefit: Tata Motors (~4%) and Tata Investment (~2%) stand to gain from Tata Capital’s higher valuation.
TICL’s Gains: Tata Investment benefits from Tata Capital’s IPO as it holds stakes in multiple Tata companies, boosting its overall valuation.
Stock Movement: Tata Investment rose 3% to Rs 6,097.65, while Tata Motors traded marginally up at Rs 623.45 on the NSE.
Tata Sons’ Stake: As of March 31, 2024, Tata Sons holds 92.83% of Tata Capital, with the rest owned by other Tata entities.
Strong Backing: Tata Sons infused Rs 6,097 crore over five years, reinforcing its commitment to Tata Capital’s growth in the lending sector.
Tata Capital’s $11 billion IPO strengthens Tata Group’s position, benefiting Tata Motors and Tata Investment, and is backed by Tata Sons’ funding.
Precize Daily Pulse
The latest news in the world of Unlisted Shares, summarised by our experts.