Tata Capital, the financial services subsidiary of the Tata Group, is preparing for a historic initial public offering (IPO) that will peg the company's value at $11 billion. The board has sanctioned the listing of as many as 230 million shares, comprising a fresh issue and an offer for sale by current shareholders. The IPO, which is likely to raise $2 billion, is intended to meet RBI requirements for upper-layer NBFCs. Tata Capital's diversified portfolio of personal loans, wealth management, and commercial finance makes it a prominent player in India's financial market. This is the follow-up listing after Tata Technologies was listed in 2023 and can be India's largest IPO of 2025.
Sources: Bloomberg, Economic Times, Business Today