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Tata Capital IPO: Company To File Draft Papers After NCLT Approval Of Tata Motors Finance Merger


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Published in Business and Finance on by News18   Print publication without navigation

Financial services firm Tata Capital is likely to file preliminary papers with markets regulator Sebi to raise USD 2 billion (over Rs 17,000 crore) through an initial public offering (IPO) only after getting final approval from the NCLT for Tata Motors Finance merger with the company,

Tata Capital, a non-banking financial company, is set to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) following the approval of the merger between Tata Motors Finance and Tata Capital Financial Services by the National Company Law Tribunal (NCLT). The merger, which was approved on January 10, 2024, aims to streamline operations and enhance the financial strength of the merged entity. The IPO is part of Tata Capital's strategy to raise capital, with the company planning to list on the stock exchanges after the merger is fully executed. This move is expected to bolster Tata Capital's market position and provide it with the necessary funds to expand its operations.

Read the Full News18 Article at:
[ https://www.news18.com/business/ipo/tata-capital-ipo-company-to-file-draft-papers-after-nclt-approval-of-tata-motors-finance-merger-9255004.html ]

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