Tata Sons eyes mega monetisation of assets via stakes sales, IPOs

Tata Sons may be looking at a mega monetisation drive for the first time to raise funds for new businesses. It recently offloaded a 0.65% stake in IT giant Tata Consultancy Services to raise ₹ 9,300 crore, a first in the direction the Tatas seem to be heading.

Tata Group had so far avoided monetising assets as a strategy but has now modified its policy and the recent stake sale in TCS was part of this new strategy, a senior executive told NDTV Profit.

Prior to this, Tatas had divested their stake in TCS only twice - in 2006 and 2007. 

TCS, the biggest software services provider in India, has also bought back shares worth ₹ 83,000 crore since 2017. Tata Sons received nearly ₹ 60,000 crore from the buybacks.

The group may divest its stakes via stakes sale and share market debuts by initial public offerings (IPOs). Tata Play, the group's DTH provider, has already made a confidential filing for an IPO with the share market regulator.