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.

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

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.

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.

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.

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,

Tata Capital IPO: Tata Capital's board has approved plans for an initial public offering (IPO). According to the information available, the public issue will comprise a combination of a fresh issue of 23 crore equity shares and an offer-for sale by existing shareholders.

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.