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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
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