Big news! Tata Capital is set to file for its IPO, valuing the company at a massive $11 billion with a total issue size of $2 billion.
IPO Details: 2.3 crore shares including a fresh issue and an offer for sale
Merger Impact: IPO filing awaits NCLT approval of Tata Motors Finance-Tata Capital merger, post which Tata Motors will hold a 4.7% stake
Pre-IPO Rights Issue to strengthen finances
Key Players: Kotak Mahindra Capital & Cyril Amarchand Mangaldas advising the deal
This could be one of India’s biggest financial IPOs! Stay tuned for updates & subscribe to Rits Capital for the latest market insights!
Disclaimer: This is purely for educational purposes and not investment advice.
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