Public listing

Tata Sons looks to sell Rs 9,000 crore TCS shares to reduce debt

by
Tata Sons looks to sell Rs 9,000 crore TCS shares to reduce debt

MUMBAI: Tata Sons is looking to raise about Rs 9,362 crore ($1.1 billion) from selling the shares of its cash cow unit Tata Consultancy Services (TCS) on Tuesday as it plans to reduce debt on its books.The holding company of the $150-billion salt-to-software conglomerate aims to restructure its balance sheet to avoid a mandatory public … Read more

Oyo IPO: Oyo may back out of IPO plan, opt for private raise

by
Oyo IPO: Oyo may back out of IPO plan, opt for private raise

Oyo Hotels & Homes, which first filed a draft application for an initial public offer (IPO) of over $1 billion in October 2021, is finalising plans to withdraw the papers from the Securities and Exchange Board of India (Sebi), people aware of the development told ET. This effectively calls a halt to the hospitality startup’s … Read more