๐ Tata Group IPO set to launch in 2024 ๐
Exciting news for investors looking to make a strong profit in the stock market! The Tata Group is gearing up to introduce the IPO of its financial services unit, Tata Capital Limited. The shares of Tata Capital will be listed on both NSE and BSE by the end of 2024.
The holding company of the Tata Group, Tata Sons, holds a 95% stake in Tata Capital. According to media reports, the Tata Group has already started reaching out to bankers for the potential IPO plan of Tata Capital. The group will soon select bankers from India for the planned IPO of Tata Capital.
The Tata Group aims to complete the IPO of Tata Capital by the end of 2024. As of March 31, 2023, Tata Sons had a debt of over Rs 22,000 crore. Last month, the group raised $1.1 billion by selling 2 crore shares of Tata Consultancy Services. The funds raised from the sale of TCS shares have been used to improve the balance sheet of Tata Sons.
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