Tata Capital is said to seek as much as $11 bn value in IPO

Tata Group is seeking a valuation of as much as $11 billion for its financial services unit in what could be India's biggest initial public offering (IPO) this year, according to people familiar with the development.

- Bloomberg

Tata Capital Ltd's IPO could raise as much as $2 billion, the people said, asking not to be identified because the deliberations are private.

Considerations are ongoing and details could change, the people said. Representatives for Tata didn't immediately respond to requests for comment.