TATA Capital board approves plan for IPO
TATA Group's Non-Banking Financial Company (NBFC), TATA Capital, announced on Tuesday that its board has approved plans for an Initial Public Offering (IPO).
In a meeting held today, the Board of Directors approved both a rights issue and an IPO, subject to regulatory approvals and market conditions, as stated by the NBFC in a statement to the exchanges.
TATA Capital will issue equity shares with a face value of ₹10 each, raising ₹1,504 crore through a rights issue for existing shareholders as of the record date, February 25, 2025.
The IPO will consist of a fresh issue of up to 23 crore equity shares, along with an offer for sale (OFS) by certain existing shareholders.
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