Tata Capital's IPO Expected in Late September Amidst RBI Mandate

Tata Capital, a financial company owned by the Tata Group, is preparing to sell shares to the public through an IPO.

The company needs to be listed because of rules from the Reserve Bank of India (RBI).

The IPO, expected in late September, will include both new shares and shares being sold by current owners.

This means the company will sell new shares to raise funds, and some current shareholders will sell their shares too.

The money raised will help Tata Capital grow its business by strengthening its capital base.

This move is among the 5 largest issues in the last decade for India's markets.