Tata Capital prepares for IPO listing, eyes $1.81bn raise

Tata Capital, the financial services arm of the Tata Group, is preparing for an Initial Public Offering (IPO) projected to raise approximately $1.81 billion (Rs15,000 crore).

This strategic move aligns with the Reserve Bank of India’s (RBI) mandate requiring “upper layer” Non-Banking Financial Companies (NBFCs) to list within three years of their classification, setting a deadline of September 2025 for Tata Capital.