India's Tata Group considers spinning off its battery business

According to Bloomberg, India's Tata Group is considering spinning off its battery business, and the newly formed Agratas may be listed on the Bombay Stock Exchange. It is expected that Agratas' market value may be between US$5 billion and US$10 billion, depending on the company's growth rate and market expectations. Currently, preliminary discussions on the spin-off of the battery business Agratas as an independent department are underway.