Tata Sons' 93% stake in Tata Capital valued at nearly ₹98,000 crore

Tata Capital is designated as an "upper layer" NBFC by the Reserve Bank of India (RBI), a classification that requires the company to go public by September

Tata Sons’ 93 per cent holding in Tata Capital is valued at ₹98,178 crore ($11.4 billion), according to the group’s FY25 annual report, offering the first public valuation insight into one of India’s largest non-banking lenders. 

The figure is based on Tata Capital’s rights issue in March, which was priced at ₹281 per share, including a premium of ₹271, implying a total equity valuation of ₹1.05 trillion. That places the lender among the 10 most valuable non-banking financial companies (NBFCs) in India. 

Tata Sons, the holding company of the $150 billion Tata group, is preparing to sell up to 18