The Headlines – Tata Capital IPO: Company files draft IPO papers with Sebi; Tata Sons to offload 23 crore shares

Tata Capital, the Tata Group’s financial arm, has filed updated papers with SEBI for a mega IPO estimated at $2 billion, valuing the company around $11 billion. The IPO includes a fresh issue of shares and an offer for sale by Tata Sons and IFC. Proceeds will boost Tata Capital’s Tier-1 capital.

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