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Tata Capital listing: Shareholder nod sought
Business Standard
|March 05, 2025
Tata Capital (TCL), the financial services arm of Tata group, has sought approval from its shareholders to conduct related party transactions worth ₹15,300 crore in the financial year 2026 with other group firms Tata Steel and Tata Consultancy Services (TCS) as part of pre-listing regulatory requirements.
In a regulatory filing on Tuesday, TCL, which has to be listed by September this year to meet Reserve Bank of India's (RBI's) norms, said it provides Tata Steel with factoring services estimated at ₹10,000 crore.
This is approximately 55 per cent of TCL's annual consolidated turnover for the financial year 2023-24 and is conducted at an arm's length basis and within the ordinary course of business.
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