Tata Capital IPO: SEBI Nod Near for ₹17,200 Crore Issue
Why in the news
Reports said market regulator SEBI was close to approving the public listing plan of Tata Capital, a large NBFC under the Tata Group.
Key facts
- Company: Tata Capital, a non-banking financial company (NBFC) within the Tata Group.
- Issue: Initial Public Offering (IPO) of ₹17,200 crore ($2 billion).
- Regulator: SEBI, whose nod was expected in a few weeks.
- Rank: expected to be the fourth-largest public issue in India.
| Point | Detail |
|---|---|
| Issuer | Tata Capital (NBFC) |
| Issue size | ₹17,200 crore (about $2 billion) |
| Approving body | SEBI |
| Timeline | Within the next few weeks |
| Ranking | Fourth-largest IPO in India |
Background
An IPO is the first sale of a company’s shares to the public. Public offers of this kind need regulatory clearance from the Securities and Exchange Board of India before opening.
Exam angle
- Regulator that clears IPOs: SEBI.
- Size to remember: ₹17,200 crore; position: fourth-largest.
- Company type: NBFC under the Tata Group.