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After claiming last week that Tata Sons' listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
Tata Chemicals hit first lower circuit of 10 per cent to Rs 1,183.45 on Monday, compared to its previous close at Rs 1,314.90 on Friday.
Tata stocks share price: In the last week, many Tata Group stocks surged up to 36 per cent. Tata Investment Corp stock fell to 5 per cent today.
India Business News: Shares of various Tata group entities declined by up to 10% on March 11, influenced by growing skepticism regarding the likelihood of Tata Sons pursui.
As per Capitaline data, Tata Sons' net debt was Rs 5,132 crore in 2015-16. But between March 2017 and March 2023, Tata Sons' net debt hovered above the Rs 14,700 mark.