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Tata Capital plans IPO to raise $173M, aiming to boost financial products and market share.
Tata Capital, part of the $165 billion Tata Group, has approved plans for an IPO in India, aiming to raise ₹1,504 crore ($173 million) through the sale of 230 million new shares and rights shares.
This follows Tata Technologies' IPO in 2023.
The funds will help invest in innovative financial products, expand market share, and strengthen its competitive position.
The move also led to a significant 8.3% surge in Tata Investment Corporation shares.
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Tata Capital planea que la OPI recaude $173 millones, con el objetivo de impulsar los productos financieros y la cuota de mercado.