 "The Tata group's unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group's financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons' annua")
Tata Sons, the holding company of the Tata group, participated in its financial services arm Tata Capital’s rights issue last week at ₹343 per share — a 22 per cent premium to the earlier rights issue price of ₹281 per share in March.
This latest investment has raised initial public offering (IPO)-bound Tata Capital’s valuation by 31 per cent to ₹1.38 trillion, up from ₹1.05 trillion in March, according to company filings with stock exchanges. Last week, Tata Capital allotted additional equity shares of ₹10 each, aggregating ₹1,752 crore, on rights issue basis, the company said.
With the rights issue,
