Tata Capital IPO: The IPO market is set to stir once again. This is because another company of the Tata Group is preparing to launch an IPO soon. A major update regarding Tata Capital’s (Tata Capital IPO) public issue has come today, February 25. Under this, the company’s board has approved the IPO (IPO) plan. This includes a fresh issue of 23 crore equity shares in the public issue. Additionally, in the offer for sale, existing shareholders and investors will sell their stakes. Following the news, Tata Investment Corporation (Tata Investment Share Price) shares have seen a significant surge, jumping 7% on the BSE.
Tata Capital’s IPO will arrive soon! (Tata Capital IPO)
According to the latest information related to Tata Capital (Tata Capital), the board has agreed to issue shares worth up to 1504 crore rupees. According to Reuters, Tata Capital, the financial services company of the Tata Group (Tata Group), may list on the exchange by September this year. This is because the Reserve Bank (RBI Norms) has made it mandatory for non-banking financial companies to comply with this rule.
Tata Capital IPO is the first IPO of the Tata Group (Tata Group IPO) coming after November 2023. This is because the shares of another Tata Group company, Tata Technologies, were listed in the stock market in November 2023. However, there is no further information related to Tata Capital’s (Tata Capital) IPO.
Tata Sons holds the maximum stake
Tata Capital (Tata Capital) is a company of the Tata Group. It is a non-banking financial company. This company was established in 2007. Tata Capital (Tata Capital Business) offers a wide range of loans from housing to personal loans. Tata Sons holds the largest stake in the company. According to figures until March 2024, Tata Sons (Tata Sons) holds a 92.8% stake in Tata Capital. It is worth mentioning that the company has announced raising funds of 17.3 crore dollars (1 dollar = 86.85 rupees) through a rights issue.
Tata Investment stock becomes a rocket
The news of Tata Capital’s (Tata Capital IPO News) IPO is having an impact on Tata Investment (Tata Investment Share) shares. The shares are trading with an increase of about 8% on the BSE. It has reached 6190 rupees, which opened at 5800 rupees in the morning. It then made a high of 6225 rupees. It is worth noting that its total market cap is 31318 crore rupees.
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