Tata Capital likely to get Sebi approval for nearly $2-billion IPO

Tata Capital may soon get Sebi clearance for a $2 bn IPO, aiming for a listing before the September 2025 deadline for upper-layer NBFCs under RBI rules

Tata Capital, a subsidiary of Tata Sons, is likely to soon get approval from the Securities and Exchange Board of India (Sebi) for its nearly $2 billion (around ₹17,200 crore) initial public offering (IPO), according to sources.

 

The market regulator has finalised the clearance, and an observation letter is expected within the next few weeks, the sources said. 

This approval would pave the way for Tata Capital’s listing ahead of the September deadline set by the Reserve Bank of India for ‘upper layer’ NBFCs.  Tata Capital filed its draft IPO papers through the confidential route in April, allowing it to