Tata group’s smallcap stock Tata Chemicals spurted in trade today (October 21) by over 14 per cent at day’s high to Rs 1244.70 apiece on the BSE. At around 11:46 pm, the stock pared some of its initial gains and was up 10 per cent at Rs 1,196.9.
The sharp gains in the stock came as the Reserve Bank of India rejected Tata Sons’ appeal for exemption from mandatory listing and the same is seen to bode well for Tata Chemicals as per Zee Business Research inputs. Accordingly, Tata Sons will have to make its stock market debut by September 2025. Consequently, Tata Sons will need to gear up for listing its shares by the RBI’s deadline.
Zee Business analysts’ highlighted that the company until now had been working on debt restructuring to avoid the mandatory IPO.