What's the story

Tata Capital, the financial services arm of Tata Group, is gearing up for a major initial public offering (IPO) in early October. The firm is targeting a post-money equity valuation of around $16.5 billion (approximately ₹1,46,000 crore) for the listing. This comes after roadshows and discussions with stakeholders, Moneycontrol reported citing sources familiar with the matter.

Launch details

IPO likely to open for public subscription on October 6

The anchor portion of Tata Capital's IPO is likely to be on October 3, with public subscription starting between October 6 and 8. The total size of the IPO (fresh issue of shares plus an offer for sale by Tata Sons and International Finance Corporation) is pegged at around $1.85 billion (nearly ₹16,400 crore). LIC is exp

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