Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs. Tata Sons, holding 93% of Tata Capital, plans to sell shares to support other ventures, while maintaining a significant stake post-listing. A rights offering worth Rs 1,504 crore has also been approved.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VhrJjp9
