Tata Capital board approves IPO plan, also lines up Rs 1,504 crore rights issue
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
