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Tata Capital completes overseas road-shows for $2bn IPO
September 03, 2025
|The New Indian Express Tirunelveli
LEADING non-banking lender Tata Capital, which is under an RBI mandate to get listed before the end of this month, has completed road-shows in overseas markets to test investor interest for its public issue worth $2 billion (₹17,500 cr) and is seeking a valuation of in the $18-20 billion range.
The Tata group company is planning the issue in the third week of September, well within the regulatory mandate. "The company is set to launch its much-anticipated over $2 billion (depending on the exchange rate) initial public offering in the week beginning September 22," a source in the know of the plans told TNIE on Tuesday.
"The company is looking at a valuation of $18-20 billion post issue, depending on the rupee-dollar rate," the source who sought not to be named, said, adding "the management and i-bankers are conducting road shows to test investor interest."
هذه القصة من طبعة September 03, 2025 من The New Indian Express Tirunelveli.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Tirunelveli
The New Indian Express Tirunelveli
WHO norms on diabetes during pregnancy out
THE World Health Organization (WHO) has released its first global guidelines for the management of diabetes during pregnancy, a condition affecting about one in six pregnancies - or 21 million women annually.
1 mins
November 16, 2025
The New Indian Express Tirunelveli
Army's Animal Transport Units to stay
THE Indian Army has deferred disbanding of the Animal Transport Units (ATUs) till the next decade. This comes a time when the Army has substantial troops and formations guarding the borders in the unpredictable high altitude and terrain. Comprising the mules, horses, donkeys and dogs, the ATUs are there to stay at least till the beginning of the next decade, sources said.
1 min
November 16, 2025
The New Indian Express Tirunelveli
Harmer spinning a different tale
IN 2015, when South Africa came to India for a four-match Test series, Simon Harmer was three games old into his career.
2 mins
November 16, 2025
The New Indian Express Tirunelveli
LUXURY HOMES ON TAP BUT 'HOUSING' IN CRISIS
I T is only the rich who seem to be buying homes. New money is being pumped into larger, more stylish homes. On the other hand, the middle and poor are feeling the pinch of high prices and are holding back. Sales in the affordable and mid segments are down as resistance mounts against runaway prices.
3 mins
November 16, 2025
The New Indian Express Tirunelveli
Cong left tribals abandoned, BJP restored dignity: Modi
PRIME Minister Narendra Modi on Saturday said the Congress failed to recognise tribals' contributions to India's freedom struggle and left them to their own fate during the party's 60-year rule after Independence.
1 mins
November 16, 2025
The New Indian Express Tirunelveli
Human sacrifice of 17-day-old in Raj stokes storm
IN a shocking case of human sacrifice, four aunts of a 17-dayold boy reportedly killed the infant in Jodhpur on Friday in what appears to be superstitious ritual.
1 min
November 16, 2025
The New Indian Express Tirunelveli
FRANKENSTEIN PITCH
15 wkts, 245 runs & one retired hurt; Day Two played on fast forward mode with batters from both teams finding strip treacherous to spin
3 mins
November 16, 2025
The New Indian Express Tirunelveli
RAHUL'S REIGN OF RELENTLESS DEFEATS
IT began not with a whisper, but with a political detonation across the Gangetic plains. Last week, Bihar, always a keen weathervane for shifting political winds, delivered a verdict so mortifying for the Congress that even its most seasoned apologists struggled to dress it up. Contesting 61 seats, the party staggered out with a miserable six. It wasn't a defeat-it was a spectacle of collapse. And at its centre, as always, stood Rahul Gandhi, the prudish prince of a shrinking empire, presiding over the most dramatic political implosion in the history of a once-dominant national party.
4 mins
November 16, 2025
The New Indian Express Tirunelveli
A Lot can Happen Over Coffee
Coffee raves flip nightlife on its head-dawn parties fueled by beats, brews, and buzzworthy energy
3 mins
November 16, 2025
The New Indian Express Tirunelveli
DMK is best oppn party to BJP in India: Udhaya
THOUGH the DMK is the ruling party in the state, it is the best opposition party in the whole country for the BJP, and it is giving the saffron party a tough fight in all sectors, Deputy Chief Minister Udhayanidhi Stalin said on Saturday.
1 min
November 16, 2025
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