Page 12 - Tata Electronics News Today

The apple ecosystem in India, buoyed by the production-linked incentive (PLI) scheme for smartphones, has become a significant job creator, employing over 150,000 individuals directly since august 2021. Most of these jobs are filled by first-time job seekers aged 19-24, with an additional 300,000 employed indirectly.

On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings.

On the domestic front, the macro data points have been healthy with Q3FY24 real GDP growth surprising on the upside.

Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing, and Tata Batterie may launch IPOs over the next three years, a report has said

Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others.

Tata group is gearing up to unveil several public issues in the next two to three years, after a hiatus marked by just one initial public offering (IPO) in the past two decades.

Companies whose IPOs could be in the pipeline are Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing, and Tata Batteries. The cash via stake sale and the IPOs will help the conglomerate fund its ambitious growth plans in businesses like semiconductors, electric vehicles, batteries, renewable energy, and e-commerce.

The recent sale of a 0.65% stake in the group's flagship TCS to raise Rs 9,300 crore, the report claims, could be pointing to this pivot.

Tata Group stock price: This comes after it was reported that the conglomerate is planning several IPOs in the next 2-3 years.

Tata Groups is considering the listing of financial arm Tata Capital next year to comply with Reserve Bank of India (RBI) norms, the report claimed.