Tata Sons may conduct an IPO within 18 months, potentially valuing the company at $96bn and impacting India's IPO market.
Spark PWM Pvt estimates Tata Sons, holding company of the Tata Group, could fetch a valuation up to $96bn in an IPO within 18 months, potentially boosting India's IPO market. An IPO could simplify Tata Group's complex holding structure and result in listed firms within the group liquidating holdings. Tata Sons' investments are estimated at around 16 trillion rupees, while privately-held stakes are projected to be worth around 1-2 trillion rupees.
March 05, 2024
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