Tata Capital on February 25 said that it has approved plans for an initial public offering which would comprise a combination of fresh issue of 23 crore equity shares and an offer-for sale by existing shareholders.
The board has decided to issue shares worth up to Rs 1,504 crore on a rights basis to existing shareholders of company.
The firm has roped in advisors Cyril Amarchand Mangaldas and Kotak Mahindra Capital.
https://www.moneycontrol.com/news/business/ipo/tata-capital-board-approves-ipo-plans-12949380.html
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