CosmicTaco
CosmicTaco

Tata Capital IPO: $11 Billion Valuation Target

  • Tata Capital, the financial services arm of Tata Group, is aiming for an $11 billion valuation ahead of its planned IPO.
  • Tata Motors and Tata Investment shares rose by up to 3% following the news, benefiting from their stakes in Tata Capital.
  • The IPO could potentially raise up to $2 billion, making it India's largest IPO of the year.
  • Tata Capital's board has approved the IPO, which includes issuing 23 crore new shares and an offer-for-sale component.
  • Tata Capital is set to list on stock exchanges by September 2025, in line with RBI's NBFC regulations.

Source: News 18, Moneycontrol

Post image
2mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across