Tata Sons' potential IPO valuation is estimated between ₹9-12.5 lakh crore., reflecting a discount on its underlying portfolio worth ₹15-16 lakh crore. Investors will price listed stakes and unlisted businesses, applying a holding company discount. The Reserve Bank of India rejected Tata Sons' plea to remain private. This decision effectively mandates the conglomerate's public listing soon.
Finance Economic Times Sep 14, 2026
