Tata Sons IPO coming next year? Tata Chemicals shares rally 14% in anticipation

RBI has rejected Tata Group's request to exempt Tata Sons from mandatory stock listing. Tata Sons must list by September 2025. Tata Group attempted to reduce its debt to avoid classification as an upper-layer NBFC. Tata Chemicals' shares rose 14%, benefiting from the potential value unlocking if Tata Sons proceeds with an IPO.