Latest news with #TataSons-backed
&w=3840&q=100)
Business Standard
04-08-2025
- Business
- Business Standard
Tata Sons-backed Tata Capital files updated draft papers with Sebi for IPO
Tata Capital, the non-banking finance company (NBFC) of the Tata Group, on Monday filed an updated draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its mandatory listing on the bourses by September 2025. The company has already received the market regulator's approval for its IPO. According to the draft papers, the initial public offering (IPO) will consist of a total of 475.82 million shares, including a fresh issue of 210 million shares and an offer for sale (OFS) of 265.82 million shares. Tata Sons, which owns 88.6% of Tata Capital, will offload 230 million shares in the OFS, and the International Finance Corporation (IFC) will offload 35.82 million shares. IFC holds a 1.8% stake in the NBFC. Tata Capital initially filed confidential IPO papers in April and received approval from India's market regulator last month to proceed. As part of the process, companies are required to submit an updated draft red herring prospectus and allow time for public feedback before filing the final version. Tata Capital has been mandated by the Reserve Bank of India (RBI) to list on the bourses by September 2025, as it is classified as an upper-layer NBFC. The Tata Sons-backed NBFC firm earned a net profit of Rs 3,664.66 crore in FY25, compared to a net profit of Rs 3,150.21 crore in FY24 and Rs 3,029.2 crore in FY23. The company's revenue from core operations stood at Rs 28,312.74 crore in FY25, while its net worth stands at Rs 32,587.82 crore as of March 31, 2025. Kotak Mahindra Capital, Axis Capital, BNP Paribas, Citigroup Global Markets India, HDFC Bank, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Capital, JP Morgan, and SBI Capital Markets are the book-running lead managers of the issue.
Business Recorder
04-08-2025
- Business
- Business Recorder
Tata Sons-backed Tata Capital files for India IPO
India's Tata Capital has filed for an initial public offering, draft papers showed on Monday. The Tata Sons-backed financial services company will issue up to 210 million new shares, while existing shareholders will offload up to 265.8 million shares. Tata Sons plans to sell up to 230 million shares in the offering, while International Finance Corporation proposes to sell up to 35.8 million shares. Tata will keep Iveco's industrial footprint, employees after acquisition, Iveco CEO says Proceeds from the fresh issue will be used to meet the company's future capital requirements including onward lending. Kotak Mahindra Capital, BNP Paribas, Citigroup Global Markets are among the bookrunning lead managers of the offering.
Time of India
04-08-2025
- Business
- Time of India
Tata Capital files draft papers with Sebi for IPO
Tired of too many ads? Remove Ads India's Tata Capital has filed for an initial public offering, draft papers showed on Tata Sons-backed financial services company will issue up to 210 million new shares, while existing shareholders will offload up to 265.8 million shares. Tata Sons plans to sell up to 230 million shares in the offering, while International Finance Corporation proposes to sell up to 35.8 million from the fresh issue will be used to meet the company's future capital requirements including onward Mahindra Capital, BNP Paribas , Citigroup Global Markets are among the bookrunning lead managers of the offering.
