Tata Investment Share Price: The shares of Tata Investment zoomed over 8 per cent during the morning trade on Tuesday after Tata Capital gave its approval to float an initial public offering (IPO). The Tata Group stock was trading at Rs 6,258.90 per share, up 8.75% against the previous day's closing price of Rs 5,755.30 on NSE (At around 10:40 am).

Tata Capital is a Non-banking financial services (NBFC) company, that operates as a subsidiary of Tata Group's group holding company Tata Sons. Currently, Tata Investment Company Limited (TICL) has a holding of over 2% stake in Tata Capital, while 'Tata Sons' its parent company holds a 93% stake in the NBFC firm.

Tata Investments stock soared over 588.12 per cent in the last five years. However, in the short term, the Tata Group stock plunged up to 10 per cent this year. In the last 6 months, it remained flat, while in a year it fell over 12%. 

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Tata Capital IPO Details

Tata Capital on Tuesday said that it has approved plans for an initial public offering (IPO) that includes a fresh issue of 23 crore shares and an offer for sale to existing shareholders.

The Capital board has decided to issue shares worth up to Rs 1,504 crore on a rights basis to the company’s existing shareholders. Notably, the Tata Group company will launch this IPO after the bumper listing of Tata Technologies in 2023.

According to the details filed by Tata Capital, the OFS is subject to market conditions, necessary approvals, regulatory clearances and other relevant factors.

Recently, the Reserve Bank of India (RBI) classified Tata Capital as a high-level non-banking financial company (NBFC) for the year 2024-2025 and that has prompted Tata Capital to go public because as per the RBI norms, the company is required to go public by September 2025.

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