Tata Sons may be valued at up to ₹12.5 lakh crore in IPO: Report

Tata Sons could be valued at ₹9-12.5 lakh crore in a potential IPO, reflecting a steep discount to its underlying portfolio, valued at ₹15-16 lakh crore, ET reported. The conglomerate faces a mandatory listing after the RBI rejected its request to surrender its NBFC licence. The final valuation will depend on how investors assess its listed stakes and unlisted businesses.