IFC Poised to Profit from Tata Capital's $2 Billion IPO

Tata Capital, a financial company, is planning to sell stock to the public (IPO).

The International Finance Corporation (IFC), a part of the World Bank, invested in Tata Capital years ago.

Now, IFC will sell some of its shares in the IPO and potentially make a large profit.

This is happening because of a requirement from the Reserve Bank of India (RBI).

The money raised will help Tata Capital lend more money.

IFC initially invested at around ₹25 per share, and the stake is now worth around ₹343 per share based on the rights issue.