iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Tata Investment Corporation zooms over 37% in 2 days ahead of Tata Tech IPO

20 Nov 2023 , 03:13 PM

Tata Investment Corporation, one of the Tata Group's holding businesses, rose up to 14% to a new 52-week high of Rs 4,444.05 on the BSE on Monday. The stock has gained as much as 36.6% in the previous two trading sessions.

Tata Investment Corporation (TIC) shares have been on a rally in the calendar year 2023, more than doubling investors' money year to date.

The latest spike in the stock followed a value-unlocking effort by Tata Motors in its subsidiary Tata Technologies via a Rs 3,000-crore initial public offering (IPO) that begins on November 22.

Tata Investment, which is primarily controlled by Tata Sons, holds an interest in various group firms as a promoter group holding company. In the instance of Tata Motors, TIC holds just 0.33% of the company, while Tata Sons controls the majority (43.71%).

The Tata Tech IPO, the first public offering of shares from the renowned salt-to-software conglomerate in 20 years, is priced at Rs 475-500 per share. Tata Motors will sell 4.62 crore shares, Alpha TC Holdings will sell 97.1 lakh shares, and Tata Capital Growth Fund will sell 48 lakh shares in the 100% offer for sale (OFS).

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Tata Investment Corporation
  • Tata Investment Corporation News
  • Tata Investment Corporation Stock
  • Tata Investment Corporation Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.