27 March 2024 – In the next two to three years, the Tata Group may promote a number of initial public offerings (IPOs). The company has yet to issue a public offering in the last 20 years. Still, according to officials with knowledge that the Economic Times quoted, it may do certain initial public offerings (IPOs) in order to spur development and provide some investors with exit alternatives.
According to the report, the Tata Group is preparing a number of companies for initial public offerings (IPOs), including Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing, and Tata Batteries.
“The decision to approach the capital markets is always strategic, and not really a plan to rush into an IPO for the sake of it,” the article quoted an unnamed source as saying. “Many of the businesses seeded over 20 or 25 years ago are now in a growth phase and in shape to be monetarily supported,” the CEO told the site in the meanwhile.
Conclusion
Several corporations are also making deliberate judgments in their conversations with Tata Sons. The goal is to unlock value or provide exit options to current investors. However, there are no deadlines, and choices will be carefully considered.
