None
EN
Tata Capital IPO anchor book attracts `4,642 cr
['The Hans India']
Andhra Pradesh Breaking News, Telangana News, Hyderabad News Updates, National News, Breaking News
Tata Capital has allotted 14.24 crore equity shares to anchor investors at Rs 326 apiece, which takes the transaction size to Rs 4,642 crore, the circular showed.
The IPO, comprising a total of 47.58 crore shares, includes a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.
Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.
Currently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns 1.8 per cent holding.
Tata Capital was designated as an upper-layer NBFC in September 2022.