Tata Capital Board Approves IPO to Raise Nearly ₹15,000 Crore
Tata Capital Board Approves IPO to Raise Nearly ₹15,000 Crore Big news from the Tata Group - their financial wing, Tata Capital, just got the green light from their board to go public with an IPO. They are looking to rake in a massive ₹15,000 crore from the market. They are partly doing this to tick regulatory boxes, but make no mistake - this is a huge milestone in their growth story. Details of the IPO Their IPO plan? Dumping about 230 million fresh shares into the market, while current shareholders are also looking to cash out some of their holdings. This dual approach is designed to meet the Reserve Bank of India's (RBI) mandate for "upper layer" non-banking financial companies (NBFCs) to list on the stock exchange by September 2025. Right now, Tata Sons - the big daddy of the whole Tata empire - owns nearly 93% of Tata Capital's shares. Strategic Rationale Tata Capital isn't just waking up one day and deciding to go public - the RBI's basically forci...