Tata Capital finalizes 10 i-banks for over Rs 15,000 crore mega IPO, may opt for confidential filing

Published onMoney Control

Publish Date21 March 2025

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N Chandrasekaran-led diversified conglomerate Tata Group has finalized a syndicate of as many as 10 investment banks for the big-bang Rs 15,000 crore plus initial public offer (IPO) of the group's flagship financial services arm Tata Capital.

Tata Capital is a non-banking financial services (NBFC) company and a subsidiary of the business group's principal investment holding company Tata Sons.

"Kotak Mahindra Capital, Citi, JP Morgan, Axis Capital, ICICI Securities, HSBC Securities, IIFL Capital, BNP Paribas, SBI Capital and HDFC Bank have been engaged for this big deal," said one of the persons above.

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