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Indian Express
14 minutes ago
- Indian Express
Tata Sons-backed Tata Capital Ltd files for IPO
Tata Sons-backed non-banking financial company (NBFC), Tata Capital Ltd, filed draft papers on Monday for an initial public offering (IPO). Tata Capital's IPO consists of a combination of fresh issuance and an offer for sale (OFS), amounting to approximately 47.58 crore equity shares. The company will be issuing up to 21 crore new shares and the existing shareholders are looking to offload up to 26.58 crore shares. Tata Sons Private Ltd, the promoter of the company, is planning to sell up to 23 crore shares in the IPO, while International Finance Corporation (IFC) has proposed to sell up to 3.58 crore shares. The issue size is estimated at around Rs 17,000 crore, as per Prime Database. The shares will be issued at a face value of Rs 10 per share. The company will use the proceeds from the fresh issue to augment its tier-1 capital base to meet its future capital requirement, including onward lending. Tata Capital is the third largest diversified NBFC in the country. The Reserve Bank of India has classified it as a systemically important NBFC, which requires stricter regulatory adherence. As per the RBI regulations, Tata Capital is required to be listed by the end of September. Tata Capital, the flagship financial services company of the Tata Group, is a subsidiary of Tata Sons Private Limited. It is primarily engaged in the lending business which comprises retail finance, SME finance and corporate finance. Tata Capital's consolidated book size increased to Rs 2,21,950.37 crore as at March 31, 2025 from Rs 1,57,760.55 crore as at March 31, 2024. During FY25, it recorded consolidated total income of Rs 28,369.87 crore as against Rs 18,198.38 crore in FY24, an increase of about 55.89 per cent. On a standalone basis, Tata Capital's recorded gross income of Rs 21,940.08 crore in FY2024-25, compared to Rs 13,309.11 crore in FY24. Profit after tax during the year was Rs 2,594.28 crore as against Rs 2,492.45 crore.
The Hindu
14 minutes ago
- The Hindu
Tamil Nadu signs MoUs worth ₹32,554 crore at investors conclave
Chief Minister M.K. Stalin asserted here on Monday that Tamil Nadu would keep rising under the Dravidian-model government. He was addressing the gathering at the TN Rising Investors Conclave. The Chief Minister inaugurated the commercial production under four projects located in Tirunelveli, Thoothukudi, and Kancheepuram, at cost of ₹1,230 crore. These projects are expected to create employment opportunities for 3,100 people in these regions. In addition, Memoranda of Understanding (MoUs) were signed in the presence of the Chief Minister for 41 projects across Tamil Nadu, with a total investment of ₹32,554 crore. These projects are expected to create over 49,000 jobs across the State. Of the 41 projects, 19 fall under the micro, small, and medium enterprise (MSME) sector, with a combined investment of ₹265.15 crore. Speaking at the event, Mr. Stalin said, 'The dream that Kalaignar Karunanidhi had for southern Tamil Nadu is now becoming a reality.' Recalling his speech at VinFast manufacturing unit's inaugural event, he added, 'Today is a golden day in the growth of southern districts.' Noting that this is the second time an investors' conclave is being held in Thoothukudi, Mr. Stalin highlighted the city's potential. 'We are committed to developing Thoothukudi, a city with a port, rich natural resources, and skilled workforce into an industrially advanced district,' he said. Mr. Stalin pointed out that special incentives were being provided for the industries setting up operations in the southern industrial parks, which were already equipped with ready-to-use infrastructure. Projects such as the desalination plant in Thoothukudi, Tidel park in Madurai, and PM Mithra Park in Virudgunagar are being set up in the southern districts. A Tidel park in Thoothukudi and TATA power solar and Vikram Solar in Tirunelveli have already been established, he said. Mr. Stalin said southern Tamil Nadu was now witnessing an unprecedented level of development. The current government was functioning with the broad objective of inclusive development and growth for all sectors, all districts and all communities. In line with this, the government has been focusing on emerging sectors such as high-tech semiconductor manufacturing, electric vehicle manufacturing, solar cells production, green hydrogen and information technology services. He announced four projects for Thoothukudi and Tirunelveli districts, including a 256-acre space park and a dedicated ship building industry in Thoothukudi, a common facility centre in Thoothukudi and Tirunelveli at a cost of ₹5.59 crore for moringa export.
Hindustan Times
3 hours ago
- Hindustan Times
Tata Harrier EV deliveries commences across India. Check details
The deliveries of the Tata Harrier EV have begun. The new flagship model from the electric vehicle wing of Tata Motors went on sale in June 2025. Priced between ₹21.49 lakh and ₹29.74 lakh, the Tata Harrier EV comes in three wide-ranging trims- Adventure, Fearless and Empowered as well as the Stealth Edition. Tata Harrier EV is priced between ₹ 21.49 lakh and ₹ 29.74 lakh. Tata launched the Harrier EV in four unique shades of colour—Nainital Nocturne, Empowered Oxide, Pristine White, and Pure Grey. Along with these, the Stealth Edition has also been launched, painted in a all-black shade. (Also read: Tata Harrier EV at Quad Day: Capability without drama and technology with real purpose) Tata Harrier EV: Specs The Tata Harrier EV underpins the carmaker's latest platform, tailored specifically for electric driving. The electric SUV comes with two drivetrain options—Rear-Wheel Drive (RWD) and All-Wheel Drive (AWD), also known as Quad-Wheel Drive (QWD) here. The RWD model has a single rear-mounted electric motor, while the QWD model has dual motors, one for each axle, for enhanced traction and dynamic response. Tata Harrier EV: Battery capacity and range In terms of output, the RWD Harrier EV gets 235 bhp and 315 Nm of torque. The QWD, however, takes the power to 391 bhp and 504 Nm with its twin-motor configuration. The buyers can choose between two battery packs: a 65 kWh one that is certified for a range of 538 km (MIDC), and a bigger 75 kWh battery that gives the range a boost to 627 km for the RWD variant and 622 km for the QWD variant. (Also read: Tata Harrier EV: A showcase of Tata Motors' global tech ties and EV ecosystem vision) Tata Harrier EV: Features and Technology The Harrier EV comes with a plethora of premium features and digital upgrades. It features an all-digital driver's display, a Samsung Neo QLED touchscreen infotainment system developed in collaboration with Harman, and a surround-sound system upgraded with Dolby Atmos. For visibility and safety, it has a 540-degree camera system, digital IRVM, and transparent bonnet view feature, which shows the terrain ahead under the car—particularly useful for off-road driving or for getting out of tight spaces.
