Tata Capital, the financial services arm of the Tata Group, has approved its IPO plan, set to launch before September 2024.
Key Highlights:
IPO Size: 230 million new shares (23 crore)
Offer for Sale (OFS): Existing shareholders to sell stakes
Why Now? RBI mandates “upper layer” NBFCs to list
Last Tata IPO? Tata Technologies (Nov 2023)
Ownership & Structure
Tata Sons’ Stake: 92.8% (to be diluted post-IPO)
Rights Issue: ₹1,504 crore ($173M) approved to strengthen capital
Why It Matters
First Tata IPO in years—Investors closely watching
India’s booming financial sector makes timing favorable
Brand trust of Tata Group = strong investor interest
What’s Next?
Exact valuation, pricing, and timeline yet to be revealed, but market excitement is building!
Will you invest in Tata Capital’s IPO? Drop your thoughts below!
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