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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Kathua killings: Jammu & Kashmir LG orders probe; a terror act, says Union minister Jitendra Singh
Union minister Jitendra Singh highlighted the involvement of militants in the deaths of three civilians in Billawar tehsil of Kathua district, triggering protests and a shutdown. Victims Darshan Singh, Yogesh Singh, and Varun Singh were found in Ishu canal after going missing on their way to a marriage ceremony. Union home secretary Govind Mohan has arrived in Jammu to assess the security situation in the region following the tragic killings. Full Article
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