Tata Capital Ltd. on February 25, 2025, approved an initial public offering, including a fresh issue of up to 23 crore equity shares.
| Photo Credit: Special Arrangement
India’s Tata Capital said on Tuesday (February 25, 2025) it has approved plans for an initial public offering that would see the non-bank lender issue 230 million new shares, while current shareholders will exit through the offer for sale route.
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.
Tata Capital did not share any further details on its proposed public float.
Established in 2007, Tata Capital provides a wide range of loans from housing to personal.
Published – February 25, 2025 11:18 am IST
