Tata Chemicals Soars After RBI’s IPO Exemption Update

Tata Chemicals shares rose over 2% following news that RBI is reviewing Tata Sons’ request for an IPO exemption. Investors speculate that Tata Chemicals, owning a 3% stake in Tata Sons, could benefit if Tata Sons pursues a public offering. The stock saw a sharp rebound from its intraday low, reflecting investor optimism. Analysts estimate Tata Chemicals’ stake in Tata Sons to represent a significant portion of its market value, sparking renewed interest in the stock.