Tata Capital Ltd., part of the salt-to-software Tata Group, is planning to go for an initial public offering that will include a mix of new shares and an offer of sale by some existing shareholders.

The board of Tata Capital, Tata Group’s financial services arm, on Tuesday approved raising funds via initial public offering (IPO) and rights issue, according to an exchange filing. The non-banking finance company (NBFC) will raise up to ₹1,

The upcoming Tata IPO is likely to be a mixture of both fresh issues and offers for sale (OFS). Apart from this, the board has approved a rights issue worth Rs 1,504 crore in Tata Capital for existing shareholders.

India's Tata Capital plans to launch an initial public offering in which the non-bank lender will issue 230 million new shares, while current shareholders will exit through the offer for sale route, it said on Tuesday.

Tata Capital Ltd. said it’s planning to go public in what may be one of India’s largest initial public offerings of the year.

Tata Capital, the financial services arm of the $165 billion Tata Group, has announced plans to go public through an initial public offering (IPO).The non-banking financial company (NBFC) will issue 230 million fresh shares,

Tata Investment share price zooms 8 per cent on Tuesday to ₹6,220.75 on National Stock Exchange (NSE) after Tata Capital approved plans for initial public offering (IPO). Tata Capital's IPO will include a fresh issue of shares with a face value of ₹10 each,