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  3. Tata Capital may ask RBI for more time to list

Tata Capital may ask RBI for more time to list

5 Aug 2024

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Key Takeaways

Tata Capital seeks an IPO listing extension due to the ongoing merger with Tata Motor Finance, with a high chance of regulatory approval.

Tata Capital seeks an IPO listing extension due to the ongoing merger with Tata Motor Finance, with a high chance of regulatory approval.

tata

Tata Capital

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Expert Analysis

Tata Capital Seeks RBI Extension for IPO Listing Deadline.

Expert Analysis:

  • Extension Request: Tata Capital requests an extension beyond the September 2025 listing deadline due to its merger with Tata Motor Finance.

  • Merger Details: The merger, approved by the boards and subject to SEBI, RBI, and NCLT approvals, will take 9-12 months to complete.

  • IPO Timing: Tata Capital will initiate its IPO process only after the merger is finalized.

  • Financial Overview: Tata Capital, rated as one of the largest diversified NBFCs, closed FY24 with a loan book of Rs 1.58 lakh crore and a net profit of Rs 3,327 crore.

Publisher:money control