“Tata Capital IPO 2024: Everything You Need to Know About the $11 Billion Listing”
Tata Group is gearing up for what could be India’s largest initial public offering (IPO) this year. The conglomerate is eyeing a valuation of up to $11 billion for its financial services arm, Tata Capital Ltd., according to reports from Bloomberg.
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Tata Capital’s IPO Plans & Fundraising Target
Tata Capital is planning to raise up to $2 billion through its IPO. While discussions are ongoing, and details may change, the company has yet to officially comment on the matter.
Recently, Tata Capital’s board approved the listing of 230 million shares, including an offer for sale by existing shareholders. The company has also announced a rights issue worth Rs 15.04 billion ($172 million) to support its financial structure.
Strong Market Trends for IPOs in India
Despite market fluctuations, India’s IPO market remains robust, with several big companies preparing to go public:
- LG Electronics India is planning a $1.5 billion IPO.
- Prudential Plc has engaged banks for a potential $1 billion IPO of its Indian unit.
- Hyundai Motor India Ltd. successfully raised $3.3 billion in its IPO last year.
About Tata Capital
Tata Capital is a non-banking financial company (NBFC) offering a range of financial services, including loans, with a focus on customers who have limited access to traditional banking. According to its official website, the company operates through more than 900 branches across India.
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Conclusion; “Tata Capital IPO 2024: Everything You Need to Know About the $11 Billion Listing”
With its strong market presence and ambitious growth strategy, Tata Capital’s IPO is expected to be a landmark event in the Indian financial market. Investors and market analysts will be closely watching the developments as the company moves forward with its listing.
Disclaimer : This article is just for education purpose, do not use for trading or investment.
