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Tata Investment soars 20% as excitement builds around Tata Capital IPO
Business
Tata Investment Corporation's stock shot up nearly 20% to ₹10,598 on Tuesday, riding the excitement around Tata Capital's upcoming IPO (October 6-8).
The IPO aims to raise ₹15,512 crore with shares priced between ₹310-326—putting the company's value close to ₹1.38 lakh crore.
Block deals galore
Trading was wild, with over 54 lakh shares changing hands—12 times more than usual.
Over 3.36 lakh shares changed hands in 38 block deals at prices above Monday's close.
Plus, Tata Investment just announced a 1:10 stock split with the record date fixed for October 14.