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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It's open & shut case, Cong workers should protest against Gandhis: Puri
NEW DELHI: Senior BJP leader Hardeep Singh Puri declared the National Herald case as an "open and shut" issue of fraud, corruption, and money laundering linked to the Gandhi family. He accused Congress workers of being misled and suggested they should protest against their leaders, Sonia and Rahul Gandhi, who hold a significant share in the implicated companies. Puri emphasized that the case dates back to the UPA government's tenure, asserting that Young Indian was...
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