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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.
यह कहानी Business Standard के March 05, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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