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

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 board has also decided to issue shares worth up to Rs 1,504 crore on a rights basis to existing shareholders of company

The Reserve Bank of India’s (RBI) guidelines mandate upper layer NBFCs including Tata Capital to get listed by September this year. Tata Capital’s parent company Tata Sons, meanwhile, has filed an application with the RBI to de-register itself as a NBFC-core investment company.

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.

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.

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 Investment share price zooms 8 per cent on Tuesday to ₹6,220.75 on National Stock Exchange (NSE) after Tata Capital approved plans for initial public offering (IPO). Tata Capital's IPO will include a fresh issue of shares with a face value of ₹10 each,