Tata Group Mulls Spinoff for Battery Business Agratas Energy Storage Solutions; Eyes Potential IPO

Tata Group is reportedly exploring a potential spinoff for its battery business, Agratas Energy Storage Solutions Pvt, in a move to bolster its presence in India's renewable-energy and electric-vehicle sectors. Discussions are in early stages, with Agratas potentially aiming for an independent listing on the Mumbai stock exchange, valuing the business between $5 billion to $10 billion depending on growth and market sentiment.