Economic TimesLean R·
Tata Sons may shed lakhs of crores before IPO
Mumbai: Tata Sons could be valued at ₹9-12.5 lakh crore in a potential initial public offering (IPO), multiple investment bankers and valuation experts told ET, putting a steep discount on an underlying portfolio worth ₹15-16 lakh crore. Valuations will hinge on how investors price its listed stakes and unlisted businesses, while assigning the traditional discount to a typical holding company structure.An analysis by the equity capital markets head of a top domestic bank puts Tata Sons' underly…
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