Tata Capital to file IPO papers after NCLT nod on merger with Tata Motors Fin: Report

Tata Capital is moving forward with its $2 billion IPO after securing NCLT approval for the merger with Tata Motors Finance. The IPO, set to include 2.3 crore equity shares, aligns with RBI regulations for upper-layer NBFCs to list within three years of classification, with Tata Capital being designated as such in 2022. Tata Sons, with a 92.83% stake, owns Tata Capital, which is also planning a rights issue to strengthen its financial position pre-listing, making this one of India’s largest financial sector IPOs and the Tata Group’s second major public market debut in recent years.

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