30 December 2024
The financial services arm of Tata Group, Tata Capital Ltd., is preparing to list its shares by the end of September 2025. The Tata Sons subsidiary will initiate its filing process once the ongoing merger with Tata Motor Finance is completed early next year. This merger is currently under review by the National Company Law Tribunal in Mumbai.
The unsecured creditors of Tata Capital are scheduled to meet on January 17, 2025, to approve the merger between the two non-banking finance companies. Following this, the Tribunal will proceed to approve the merger. Approval is expected by the end of the fiscal year, and the merged entity is likely to file for an initial public offering (IPO) in the first quarter of the fiscal year 2025-26 to meet the Reserve Bank of India (RBI) deadline for listing.
Tata Capital serves as the holding company for Tata Group's financial services businesses and is registered with the Reserve Bank of India as a systemically important non-deposit-taking Core Investment Company. In September 2022, the banking regulator classified Tata Capital as an upper-layer systemically important non-banking financial company (NBFC). This classification requires the company to comply with stricter regulatory norms, including a mandatory listing within three years, which means by September 2025.
The financial services arm of Tata Group, Tata Capital Ltd., is preparing to list its shares by the end of September 2025. The Tata Sons subsidiary will initiate its filing process once the ongoing merger with Tata Motor Finance is completed early next year. This merger is currently under review by the National Company Law Tribunal in Mumbai.
The unsecured creditors of Tata Capital are scheduled to meet on January 17, 2025, to approve the merger between the two non-banking finance companies. Following this, the Tribunal will proceed to approve the merger. Approval is expected by the end of the fiscal year, and the merged entity is likely to file for an initial public offering (IPO) in the first quarter of the fiscal year 2025-26 to meet the Reserve Bank of India (RBI) deadline for listing.
Tata Capital serves as the holding company for Tata Group's financial services businesses and is registered with the Reserve Bank of India as a systemically important non-deposit-taking Core Investment Company. In September 2022, the banking regulator classified Tata Capital as an upper-layer systemically important non-banking financial company (NBFC). This classification requires the company to comply with stricter regulatory norms, including a mandatory listing within three years, which means by September 2025.
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