Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs.

The upcoming Tata IPO is likely to be a mixture of both fresh issues and offers for sale (OFS). Apart from this, the board has approved a rights issue worth Rs 1,504 crore in Tata Capital for existing shareholders.

Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations

During the financial year 2024, Tata Capital posted its highest-ever net profit of ₹3,150 crore, a growth of 37% from last year. It maintained a credit cost of 0.5% and delivered Return on Equity (RoE) of 17.

Tata Capital has approved an initial public offering to issue 230 million new shares, while current shareholders will sell their stakes through the offer for sale method.

Shares of Tata Investment Corporation surged by 8.3% after Tata Capital received board approval for its long-awaited IPO. The listing, including 23 crore new shares and an offer-for-sale mechanism, is anticipated to unlock value in Tata Group's financial services portfolio.

The board of Tata Capital, Tata Group’s financial services arm, on Tuesday approved raising funds via initial public offering (IPO) and rights issue, according to an exchange filing. The non-banking finance company (NBFC) will raise up to ₹1,

India's Tata Capital plans to launch an initial public offering in which the non-bank lender will issue 230 million new shares, while current shareholders will exit through the offer for sale route, it said on Tuesday.

Tata Capital Ltd. said it’s planning to go public in what may be one of India’s largest initial public offerings of the year.