Prøve GULL - Gratis
Tata Capital to file draft IPO papers after NCLT approval on merger with Tata Motors Finance
Millennium Post Delhi
|New Delhi 10March2025
Financial services firm Tata Capital is likely to file preliminary papers with markets regulator Sebi to raise $2 billion (over Rs 17,000 crore) through an initial public offering (IPO) only after getting final approval from the NCLT for Tata Motors Finance merger with the company, according to sources.
-
At this size, the company is expected to be valued at around $11 billion, they said.
The final order is awaited from the National Company Law Tribunal (NCLT), which is expected to be closed by the end of this financial year (FY25), sources said.
An email sent to Tata Capital regarding the filing of draft papers remained unanswered.
Tata Capital, identified as an upper-layer non-banking finance company (NBFC) by the Reserve Bank of India (RBI), already received its board approval to float the initial share sale.
Denne historien er fra New Delhi 10March2025-utgaven av Millennium Post Delhi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Millennium Post Delhi
Millennium Post Delhi
Autism: SCIENCE, NOT SPECULATION
AS MISINFORMATION RESURFACES LINKING VACCINES AND PARACETAMOL TO AUTISM, EXPERTS REAFFIRM THAT SCIENCE-NOT FEAR-MUST GUIDE PUBLIC UNDERSTANDING AND HEALTHCARE CHOICES
2 mins
November 02, 2025
Millennium Post Delhi
PWD mulls extending Munak Canal Road project to Kashmere Gate ISBT
TO APPROACH PVT FIRMS TO MAINTAIN FLYOVERS
1 min
November 02, 2025
Millennium Post Delhi
Six months on, AIFF gives replica I-League trophy to Inter Kashi
The All India Football Federation on Saturday finally presented a replica of the I-League trophy to Inter Kashi, six months after handing the same silverware to Churchill Brothers at the same Goa venue, following a ruling by the Court of Arbitration for Sport that declared the debutants as the rightful champions.
1 min
November 02, 2025
Millennium Post Delhi
ATF price hiked by 1%, commercial LPG rates cut
Aviation turbine fuel (ATF) prices were hiked by about 1 per cent while commercial LPG rates cut marginally by Rs 5 per cylinder on Saturday in the monthly revision in fuel prices in line with global benchmarks.
1 mins
November 02, 2025
Millennium Post Delhi
Gunners on fire
Arsenal stay atop EPL with a 2-0 win, United snatch draw vs Forest
1 mins
November 02, 2025
Millennium Post Delhi
Pant on 64* as India live to fight another day
INDIA A VS SOUTH AFRICA A
1 min
November 02, 2025
Millennium Post Delhi
Railing collapse triggers stampede at private temple in Andhra; 9 dead
CHIEF MINISTER NAIDU ORDERS INQUIRY; PRIME MINISTER ANNOUNCES EX-GRATIA TO VICTIMS' FAMILIES
3 mins
November 02, 2025
Millennium Post Delhi
S Korea calls for greater Chinese efforts to bring North back to talks
South Korean President Lee Jae Myung asked Chinese President Xi Jinping to make greater efforts to persuade North Korea to return to talks, as the two leaders on Saturday agreed on a set of agreements to expand their economic and other ties.
1 mins
November 02, 2025
Millennium Post Delhi
Countdown begins for launch of ISRO's heaviest communication satellite CMS-03 onboard LVM3-M5
The 24-hour countdown for the launch of over 4,000 kg communication satellite CMS03 commenced at this spaceport on Saturday, ISRO said.
2 mins
November 02, 2025
Millennium Post Delhi
Pine Labs to launch IPO on November 7, aims to raise ₹2,080 crore through fresh issue
NEW DELHI: Fintech firm Pine Labs is gearing up to launch its initial public offering (IPO) on November 7, aiming to raise Rs 2,080 crore through fresh issue of shares.
1 mins
November 02, 2025
Listen
Translate
Change font size