Tata Group stocks witnessed sharp volatility this week as developments around the much-awaited Tata Sons IPO triggered strong buying and selling. Tata Chemicals led the gains with a 13% rise, while Tata Investment Corporation gained 8% during the holiday-shortened week. According to The Economic Times, the stocks sharply surged up to 20% on Tuesday after the Reserve Bank of India rejected Tata Sons' application for voluntary surrender of its Certificate of Registration (CoR) to be classified as an unregistered Core Investment Company (CIC), paving the way for a public listing of the holding company of India's largest business conglomerate. The shares of Tata Power, IHCL and Tata Motors Passenger Vehicles also ended higher despite Friday's sell-off, while Tata Steel, Tata Consumer Products and Tata Capital showed mixed performance.
Deutsche Bank and other investors are offering rupee-denominated bonds of a Shapoorji Pallonji Group firm at a premium, encouraged by the group's plans to sell part of its stake in Tata Sons, according to three merchant bankers. Tata Trusts, the controlling shareholder in Tata Sons, last week said SP Group proposed to sell part of its stake worth ₹250 billion ($2.61 billion). SP Group entity Eqyizen Investment had raised ₹213.50 billion through three-year zero-coupon bonds at a yield of 18.95% in July, which are now being offered at a yield of around 18.70%-18.75%, the bankers said. The bonds are secured by SP Group's stake in Tata Sons, held through Cyrus Investments. Deutsche Bank has the bonds on its books and is actively seeking buyers to exit at some profit, though major trades have not been seen yet.
The Tata Group stocks saw wild swings this week as multiple developments linked to the much-awaited Tata Sons IPO kept investors on the edge. According to The Economic Times, the stocks saw another sharp surge on Thursday after Tata Sons approved a fresh five-year extension for Chairman N Chandrasekaran's tenure and set the ball rolling for the much-awaited IPO of the group holding company. However, shares of the Tata Group companies dropped on Friday after Tata Trusts labelled Chandrasekaran's appointment illegal. The broader Tata portfolio showed mixed performance as Tata Investment Corporation declined 5.1%, TCS fell 3.4%, Tata Technologies dropped 2.8%, and Tata Power declined 2.1%. Tata Motors Passenger Vehicles fell 3.3% while Tata Motors Commercial Vehicles declined 1.3%. Tata Steel fell 1% and Tata Consumer Products declined 0.5%, though Tata Capital managed to gain 1.8%.
The 160-year-old SP Group has more than ₹500 billion of high-interest debt outstanding and due for redemption in the next few years, according to bankers. Another one of its entities, Porteast Investment, has outstanding zero-coupon bonds worth ₹286 billion. SP Group is also planning to seek an extension to a payment worth around ₹35 billion, which is due on September 30, towards an obligation of Porteast. The proposed transaction would take place in two tranches over 18 months, with Tata Sons initiating a selective capital reduction process through the National Company Law Tribunal. The valuation would be based on income-tax fair value, with potential funding sources including Tata Sons's internal cash flows, sale of listed shares, and bringing investors into newer businesses.
The domestic equity market remained higher by midday on September 18, with the Nifty hovering around 23,340 and the Sensex around 74,570, according to The Financial Express. Defence stocks, infrastructure companies, and renewable energy names remained in focus on company-specific developments. Veegaland Developers made a strong debut, gaining 10% on its NSE debut and listing at a 10% premium to its ₹140 IPO issue price. The ₹210 crore IPO comprised a fresh issue of 1.50 crore shares with no offer-for-sale component, with proceeds to be used for ongoing projects, land acquisition and general corporate purposes.
Vedanta Ltd. gained 1.55% after announcing its Committee of Directors would meet on September 18 to consider issuing non-convertible debentures through private placement, following an earlier board resolution dated May 29, 2026. According to The Financial Express, Vedanta reported a 71.8% year-on-year rise in consolidated net profit to ₹5,473 crore in Q1 FY27, while revenue increased 53.6% to ₹24,205 crore. Hindustan Aeronautics Ltd. gained 0.86% after announcing the handover of Tejas twin-seater trainer aircraft, HTT-40 basic trainer aircraft and Dhruv Next Generation helicopters to the Indian Air Force and Pawan Hans. GPT Infraprojects gained 4.45% after securing a ₹483.72 crore order from Rail Vikas Nigam for construction of an open-web steel girder bridge over the Mahanadi River, with an execution period of 1,095 days.
