• Finbros Finance
• February 26, 2025
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Tata Capital board clears IPO to raise close to 15,000 crores of rupees

Apply for TATA Capital Personal Loan

The board also has been able to issue shares up to 1.504 crore rupees on a right basis to the existing shareholders of company

Tata Capital, Tata Capital IPO, Tata Group umbrella, initial public offering Indian express news, Business news, and current affairs. The proposed initial public offer will not only meet the regulatory requirements, but gives the company to realize potential value and accelerate its expansion.

Tata Capital Financial Services, an entity of the Tata Group umbrella, is scheduled to go public via an enormous Initial Public Offering (IPO). The company’s board of directors has granted the go ahead to a fresh issue of 230 million shares. This will be bundled by an Open For Sales (OFS) by the promoters. The massive IPO could bring approximately 15,000 crore.

The board has also voted to issue shares of up to 1.504 crores on a rights-based basis to existing shareholders of the company. The IPO will be the first for an Tata group company since the brash public listing by Tata Technologies which was scheduled for 2023.

Bajaj Housing Finance had raised around Rs 6,560 crore in September 2024. Jio Financial Services (JFS) had its shares listed on the exchanges following its separation from Reliance Industries in August 2023.

Tata Sons, the parent company, has the 92.8 percent part of Tata Capital. At the time of Dec. 31, 2024 Tata Sons also holds a 68.51 percent share in Tata Investment Corporation. Others shareholders who are part of Tata Capital include Tata group companies (2.46 percent), International Finance Corporation (1.91 percent) and The employee welfare trust (1.16 percent). The remaining 1.64 percent is owned in the hands of other investors.

In the beginning of February, the Tata Capital board voted to amend its memorandum and articles association in preparation to be listed on the stock exchange in September.

Tata Investment Corporation Tata Investment Corporation, which owns a 2.2 percent stake in Tata Capital, rose 7.29 percent to 6169.20 at Tuesday’s Bombay Stock Exchange (BSE) on Tuesday.

Additionally, shareholders who are currently holding shares are allowed to sell a part of their holdings via offering for sale (OFS). This is a result of Tata Capital’s meetings with investment bankers and their approval to proceed with the listing procedure.

Tata Capital plays a pivotal role within the Tata Group, acting as the primary financial arm of the various companies. Tata Capital offers a wide array of products and services which cater to customers, companies as well as institutions. This services comprise personal loan as well as credit cards, mortgages, investment banking and life insurance in addition to other.

The RBI has classified Tata Capital as a systemically significant non-banking financial corporation (NBFC) that is subject to stricter compliance with the regulations. In order to comply with the requirements, Tata Capital must list on the exchange within a specific timeframe.