Tata Chemicals Share Price 12 March 2024
š Tata Chemicals company’s share price witnessed a significant sell-off pressure yesterday. The stock had seen a 36% surge in the previous four trading sessions. However, investors have sold off a large number of shares yesterday. Tata Chemicals’ share closed at Rs 1,173 with a 10.82% decline on Monday, 11 March 2024.
š¦ The Reserve Bank of India had informed Tata Sons to list Tata Chemicals company on the stock exchange by 2025. Tata Sons is trying to delay the listing process on the stock exchange. According to media reports, Tata Sons had also filed a request application with the RBI. However, the RBI rejected the request to avoid listing.
š On Tuesday, 12 March 2024, the share was trading at Rs 1,141 with a 2.91% decline.
š¼ Tata Sons is now considering restructuring its balance sheet to avoid the listing. If Tata Sons repays all debts and restructures the entire debt, its holding in Tata Capital company may be transferred to another unit, and Tata Sons’ NBFC registration could be canceled. Tata Sons simply wants to transfer its shareholding to another company to keep it out of the NBFC group.
š In the past week, there has been a 33% surge in the shares of Automobile Corporation of Goa, 28% in Tata Investment Corporation, 14% in Railway India Company, and 13% in Tata Power Company. Tata Group has not officially announced the IPO of Tata Chemicals yet. However, many investors have started buying shares of Tata Group companies in large numbers since last week.
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