Tata Capital's Groundbreaking IPO Set to Break Records in Financial Sector

Tata Capital has filed updated draft papers for an Initial Public Offering (IPO) involving 47.58 crore equity shares.

The IPO includes a fresh issuance of 21 crore shares and an Offer For Sale, with Tata Sons and the International Finance Corporation selling part of their stakes.

Estimated at USD 2 billion, this IPO could become the largest in India's financial history, complying with RBI's listing requirements for upper-layer NBFCs.

(With inputs from agencies.)