Tata Investment shares rally over 17% to cross Rs 10,000 mark for first time. What's behind the bull rush?
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Shares of Tata Investment Corporation surged as much as 17.5% to a new all-time high of Rs 10,391 on the NSE on Tuesday, September 30, as the deadline for Tata Sons to become a publicly listed entity ends today. Tata Sons is the holding company of India’s largest conglomerate. The surge comes amid heightened anticipation around a potential listing. Under RBI rules, non-banking finance companies (NBFCs) classified as “upper layer” must list within three years of notification. September 30 marks the end of that window. A listing could unlock value for Tata Investment and bolster its balance sheet, although the company owns just 0.1% in Tata Sons. The issue has sparked a rare standoff between the central bank and the group. In 2024, Tata Sons wrote to the RBI seeking NBFC registration to avoid mandatory listing. In its last communication in January 2025, the RBI said the application was “under consideration” and that Tata Sons’ inclusion on ...