Shares of Tata Sons-linked firms jump after RBI's decision renews listing hopes
BUZZ-Shares of Tata Sons-linked firms jump after RBI's decision renews listing hopes ** Shares of several Tata Sons-linked companies rise after India's central bank rejected co's application to de-register as a non-bank lender
** Under RBI regulations, upper-layer NBFCs face compliance requirements such as non-bank lenders with assets above 1 trillion rupees ($10.43 billion), or those with direct or indirect access to public funds, to be listed
** As of March 2025, co's standalone assets totalled 1.75 trillion rupees ($18.25 billion)
** Listing of Tata Sons could improve valuations, unlock value for Tata-linked companies
** Shares of Tata Chemicals TTCH.NS up 19.99%, Tata Motors Passenger Vehicles TAMO.NS up 3.4%, Tata Investments TINV.NS up 9.1% and Tata Consultancy TCS.NS up 5.22%
** YTD, shares of TTCH down 4%, TAMO down 15.2%, TINV up 1.86%, and TCS down 26.77%
($1 = 95.9000 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
Recent news on Tata Motors Passenger Vehicles
See all newsIndia's Tata Motors posts second-quarter profit
India's auto stocks index eyes 10th weekly loss in 11 on festive demand worries, elevated oil
Jaguar to recall about 94,000 US vehicles over rearview camera issue, NHTSA says
Brief: NHTSA Says Jaguar Land Rover Is Recalling 93,997 Vehicles As Rearview Camera Image Can Reduce The Driver's View Behind The Vehicle
Tata's owners deserve to prevail in power struggle