Tata Capital, the arm of the Tata Group financial services, preparing a large public contribution (IPO) that can inform the company for $ 11 billion, according to the Zee business research team. Once completed, this will notice the largest IPO in India this year, with expected $ 2 billion.
The IPO and Rights Rase
The company’s board is reportedly admitted that the release of 230 million shares and the supplier component (ofs). This dual method aims to add the structure of the capital of capital and improve investors participation. In addition, the company has introduced a problem with RS 1,504 crore ($ 172 million) to strengthen its financial position before IPO.
The position of the Tata Capital and a Strategy of Growth
As a leading financial company (NBFC), Tata Capital plays an important role in expanding financial services in negative market. With a large network of more than 900 branches in India, the firm provides various financial products, including your loan, home loan, wealth management, and financial solutions. The IPO is expected to organize other financial and financial strategies within the company.
Landscape competition and IPO market
The Indian market remains strong despite the global economic uncertainty. Besides the capital of Tata, several players are preparing to go to the community. It is reported that the LG electronics India reportedly organizes the IPO that can raise $ 1.5 billion, while the Prudential PLC processes a $ 1 billion of its Indian unit. Last year, Hyundai Motor India Ltd. It raises the record – to complete $ 3.3 billion on its IPO. The potential Tata Capital lists will continue to emphasize India as an important place to accumulate public market fees.
Outlook’s interest and Investor
Given the amount of a strong product of TATA, various fiscal products, and the support of strategies from Tata Group, the IPO may have drawn the interest of the important investor. Market participants will be most viewable for additional completion of control and prices for future monthly information.
