Tata Capital board to discuss plan for rights issue

Meeting set to take place on Tuesday

- DEV CHATTERJEE

The board of Tata Capital, the financial services arm of the Tata Sons, is set to meet on Tuesday to discuss plans to raise capital through a rights issue, as per the company's filings. This comes as the company faces a deadline to list its shares by September this year, following a directive from the Reserve Bank of India (RBI) that requires all upper-layer Non-Banking Financial Companies to list by then.