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Tata Capital Set to Launch $2 Billion IPO Soon!

Tata Capital Set to Launch $2 Billion IPO Soon!

Tata Capital is preparing to raise $2 billion through an initial public offering (IPO) but is waiting for final approval from the National Company Law Tribunal (NCLT) regarding its merger with Tata Motors Finance. This IPO could value the company at around $11 billion, making it one of the largest in India's financial sector. The company has already received board approval for the IPO, which will include both new equity shares and an offer from existing shareholders. This move is required by the Reserve Bank of India, as Tata Capital was designated as an upper-layer non-banking finance company in 2022. The approval process is expected to be finalized by the end of the current financial year.

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