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. The financial unit of the Tata Group plans to sell 230 million new shares in the IPO,

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.

The Reserve Bank of India’s (RBI) guidelines mandate upper layer NBFCs including Tata Capital to get listed by September this year. Tata Capital’s parent company Tata Sons, meanwhile, has filed an application with the RBI to de-register itself as a NBFC-core investment company.

Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs.

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,