US EditionIndian 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 .
Insights by Ground AI
Does this summary seem wrong?
15 Articles
15 Articles
All
Left
1
Center
1
Right
4
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.
·United Kingdom
Read Full Article
Coverage Details
Total News Sources15
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 17%
C 17%
R 67%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
