Tata Capital IPO: Sebi approves confidential DRHP for £ 17,200 Crore issue: Report | Einsmark news

Tata Capital IPO: Capital Market Regulator Securities and Exchange Board of India (Sebi) approved the draft papers for the initial public offer (IPO) of Tata Capital, the non-banking Financial Company (NBFC) subsidiary of Tata Sons, a report reads. Sebi resolved the NBFC’s draft papers for the public issue, which was filed by the confidential route, reports Economic Times, with two people familiar with the development. It was reported earlier that the Tata Capital IPO DrHP was submitted to the regulator on April 5 via the confidential route. With Sebi cleaning the DRHP, the proposed £ 17,200 Tata Capital IPO moves a step closer to the launch. After the approval of SEBI, Tata Capital is expected to submit an updated concept prospectus on the regulator’s website before the Final Red Herring Prospectus (RHP) is submitted before the IPO launch. The newspaper report also suggests that the company be able to submit the RHP in the first week of July. Tata Capital IPO details Tata Capital IPO is the best one of the biggest public issues in India’s financial services sector. Tata Capital IPO consists of a combination of a new issue of shares and an offer for sale (OFS) by Tata Sons, which currently has a 93% stake in the NBFC. Tata Group is aimed at a valuation of up to $ 11 billion for its financial services division, Tata Capital, which could become the largest IPO of India this year, Bloomberg in his recent report report. According to the Reserve Bank of India’s (RBI) framework, both Tata Sons and Tata Capital are classified as ‘top layer’ NBFCs, which require them to list by 2025. This classification involves stricter regulatory supervision and a compulsory public listing within three years. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.