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Indian non-bank lender Tata Capital to launch IPO

Tata Capital has approved its plan to launch an initial public offering , which will issue 23 crore new shares, reported news agency Reuters.
Existing shareholders will sell their stakes through an offer for sale , as announced by Tata Capital on Tuesday.
Tata Capital will be the first company from the Tata Group to launch an IPO since Tata Technologies went public in November 2023.
The board of Tata Capital has also approved a rights issue of Rs 1,504 crore .

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Reuters

Indian non-bank lender Tata Capital to launch IPO

India's Tata Capital (TATC.NS), opens new tab plans to launch an initial public offering in which the non-bank lender will issue 230 million new shares, while current shareholders will exit through the offer for sale route, it said on Tuesday. The financial services arm of India's $165 billion Tata Group was mandated to list by September this year, according to central bank norms for so-called "upper layer" non-banking financial companies.

4 hours ago·United Kingdom

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News18 India

Tata Capital To List On Stock Exchange, Board Approves IPO Plan - All You Need To Know

Tata Capital IPO: The Reserve Bank of India (RBI) has designated Tata Capital Financial Services as a systemically important non-banking financial company (NBFC).

4 hours ago·India

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Financial Express

Big IPO alert- Tata Capital plans IPO: Everything that you need to know about this issue

Tata Capital plans its IPO with fresh issue and OFS; board approves rights issue before launch. Discover more details!

5 hours ago·Uttar Pradesh, India

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Business Standard

Tata Capital IPO: Tata Group's NBFC inches closer to D-Street; details here

Tata Capital IPO: This would mark the second company from the Tata Group to go public in less than two years, as earlier in 2023, Tata Group's technology arm, Tata Technologies went public

6 hours ago·India

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India Today

Tata Capital IPO to soon make Dalal Street debut as board clears listing plans

Tata Capital will be the first company from the Tata Group to launch an IPO since Tata Technologies went public in November 2023.

6 hours ago·India

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Bloomberg

Tata Capital Approves Plan for Initial Public Offering in India

Tata Capital Ltd., part of the salt-to-software Tata Group, is planning to go for an initial public offering that will include a mix of new shares and an offer of sale by some existing shareholders.

7 hours ago·United States

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