Tata Sons IPO Date, Value, Price Band | The eyes of investors across the country are fixed on the big company of Tata Group. Investors are waiting for the IPO of Tata Sons. Today we will provide you all the important information regarding this.
According to an ET report, Tata Sons, the holding company of the Tata Group, has repaid the loan of Rs 20 thousand crore and has voluntarily submitted its certificate of registration with the RBI. This move by Tata Sons is being seen as a strategic effort to remain unlisted.
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Tata Sons IPO RBI Latest Update
Let us tell you that the country’s largest bank, the Reserve Bank had recently made some changes in the regulations. The Reserve Bank had put Tata Sons in the category of upper-layer NBFC. After that it became necessary for the company to get listed in the market by bringing IPO.
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Based on the rules of RBI’s SBR i.e. Scale Based Regulation, Tata Sons will have to be listed in the stock market by September next year. But now Tata Sons has appealed for exemption from this. One possible reason behind the appeal of this exemption could be the concern about disclosing the preferential treatment given to its owners.
TATA Sons IPO Value
If Tata Sons’ IPO had come, then all the records of IPO on the stock market till date would have dwarfed it. Currently the value of Tata Sons is 410 billion dollars. If the IPO had come, various shareholders of Tata Sons, including Tata Trust, would have had to reduce their stake by 5 percent. Currently, Tata Trusts holds the maximum stake of 66 percent in Tata Sons. According to 5 percent, the value of IPO would have been around 20.5 billion dollars (about 172 thousand crore rupees in Indian currency).
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According to media reports, Tata Sons is planning to raise Rs 55,000 crore through initial public offering (IPO). Recently, after this news, the share prices of Tata group companies had increased. These companies, including Tata Chemicals, Tata Motors and Tata Steel, have substantial equity in Tata Sons and have made huge gains. However, Tata Sons’ decision to request a discount has led to a decline in their share prices, disappointing shareholders who were expecting returns from the IPO.