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Published: April 15, 2024
Updated: April 15, 2024
The Tata group is giving the final touches to the launch of the Initial Public Offer of Tata Capital, a subsidiary of Tata Sons. As per the RBI guidelines, Tata Capital has to be listed by September next year.
Insiders say Tata officials are busy meeting with their bankers to gauge the mood of investors.
The Bajaj group is also looking to list its housing finance company and has hired four banks to come out with an IPO at a valuation of Rs 80,000 crore.
The RBI is cracking the whip on NBFCs, asking them to either list or repay all bank loans. Tata Sons has already repaid all its loans and has declassified itself as an NBFC Upper Layer, thus saving itself from listing. Expect similar listing plans from other NBFCs in India, including the Birla group.
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