Tata Group stocks, including Tata Investment Corporation, Tata Technologies, and Tata Motors, saw significant gains on December 24, driven by news of an impending IPO for Tata Capital, the group’s financial services arm. Tata Investment Corporation’s shares surged by 12%, while Tata Technologies rose by 4%. The IPO is expected to exceed ₹15,000 crore and is a response to the Reserve Bank of India’s mandate requiring upper-layer non-banking financial companies to list by 2025. Tata Group has engaged law firm Cyril Amarchand Mangaldas and Kotak Mahindra Capital as advisors for the IPO process.