The shares in the IPO are offered by promoter Tata Motors, whose holding will drop to 55% after the IPO from 66% and two other investors who will garner nearly ₹728 crore from selling their stakes.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings