Tata stocks jump after RBI move triggers hope of Tata Sons IPO: Tata Chemicals surges 20%

Tata group stocks such as TCS, Tata Motors, Titan and Tata Steel have surged this morning. Analysts said the trigger was the RBI's rejection of the appeal of group holding company Tata Sons, which has made a Tata Sons IPO almost inevitable.

Kolkata: Major Tata group company stocks such as software bellwether TCS (Tata Consultancy Services), Titan, Tata Steel and tata Motors witnessed a surge in prices as the market opened for trading this morning. The stocks rallied up to 20% and analysts point out that the buying interest was seen after the Reserve Bank of India rejected the appeal of Tata Sons to voluntarily surrender its certificate of registration. In other words, this plea of Tata Sons to surrender its certificate was the last desperate attempt by the Tata group to avoid listing of Tata Sons, the holding company of one of India’s largest industrial........

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