Tata Capital is preparing to launch its highly anticipated USD 2 billion IPO in late September, valuing the company at around USD 11 billion. The IPO includes a fresh issue of shares and an offer for sale by Tata Sons and IFC. Proceeds will strengthen the company’s capital base, supporting future lending growth, after RBI’s mandate for upper-layer NBFCs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets