Tata Chemicals shares surge 20% as Tata Sons plans public listing
- Tata Chemicals shares hit the 20% upper circuit after the RBI rejected Tata Sons’ request to surrender its registration.
- The RBI decision has revived expectations that Tata Sons could be listed on the stock market, as it remains classified as an NBFC-Upper Layer entity.
- Tata Chemicals could benefit significantly from a Tata Sons listing as it holds a 2.53% stake in the group’s holding company.
- Other Tata Group stocks also gained, with Tata Investment Corporation rising 15% and several others gaining up to 5% amid the listing buzz.
Source: moneycontrol.com
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