• Source:JND
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Tata Group Shares:  Several Tata Group's stocks fell as much as 10 per cent on Monday amid reports that Tata Sons is unlikely to bring IPO shortly. Over the past week, the IPO buzz has driven the rise in the various stocks of Tata Group.

The shares of the Tata Group were gaining momentum but the news that Tata Sons moving from the 'immediate' listing, triggered investors to profit booking.

Tata Sons is registered as a CIC with the Reserve Bank of India and it is classified as an 'upper layer' NBFC. According to the rule, the firm must be listed on the exchanges within three years of issuing the notification.

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In September last year, the RBI issued a notice to Tata Sons, which means Tata Sons will have to list by September 2025.

However, the parent company of several Tata Group companies is reportedly considering various ways to comply with RBI norms.

Last week, the shares of Tata Chemicals jumped 36 per cent following the Tata Sons IPO buzz. However, shares fell over 10 per cent in early trading hours on Monday after a report surfaced that the IPO is unlikely.

Shares of Tata Investment Corp fell 5 per cent, while shares of Tata Technologies and Tata Consumer Products fell up to 3 per cent each. Shares of Tata Teleservices fell 2 per cent, while shares of Tata Steel and Tata Power Company fell more than a per cent. Shares of Indian Hotels fell nearly one per cent, while shares of Tata Motors also fell half a per cent.

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