Financial services firm Tata Capital is planning to file preliminary papers with Sebi for a USD 2 billion IPO after obtaining final approval from the NCLT for the Tata Motors Finance merger, valuing the company at around USD 11 billion. The NCLT approval is expected by the end of FY25, and Tata Capital has already received board approval for the share sale, which will include a fresh issue and offer for sale. The move is part of the company’s compliance with RBI listing requirements for upper-layer NBFCs, with advisors Cyril Amarchand Mangaldas and Kotak Mahindra Capital managing the IPO process.
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Tata Capital to file draft IPO papers after NCLT nod on merger with Tata Motors Fin | Business News
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