Tata Capital IPO: Tata’s big IPO from the company ..

The Tata Group will collect $ 2 billion (about Rs 17,500 crore) through its financial department Tata Capital Limited IPO. Tata Capital is one of the leading NBFCs in India. With over 900 branches. Despite the decline in the stock market, many companies are preparing for IPOs. Tata Capital is one of them.

23 crore shares!

The company’s market price is estimated at $ 11 billion (about Rs 96,000 crore). Tata Capital is expected to collect $ 2 billion (about Rs 17,500 crore) through this IPO. The board of Tata Capital Directors approved the list of 23 million shares last week. Some more will be issued through the proposal for sale.

No matter what the market is.

In recent times, the stock market indices have severely declined. Has reached the lowest level. However, companies are preparing for IPOs without considering it. LG Electronics India is also planning to open an IPO this year. The company aims to collect around $ 1.5 billion. On the other hand, Prudential PLC has hired bankers for its Indian unit IPO. It aims to collect $ 1 billion.

Tata Capital is one of the leading financial institutions in India by a non-banking financial company (NBFC). Tata, a subsidiary Tata Capital, is strong with more than 900 branches across India. Tata is the capital advisor of Siril Amarchand Mangaldas and Kotak Mahindra for Vishal IPO this year.

Note: This is not an investment advice. Only information. Investing in the stock market is risky. Seek expert advice.