TCHFL reports 28% rise in Q2 profit to Rs 440 crore on higher NII and fee income; assets under management climb 30% year-on-year to Rs 75,636 crore
Tata Capital closes near issue price at Rs 331.1 after debut on NSE; analysts call valuation fair as investors weigh growth prospects and sector competition
Non-bank lender Tata Capital aims to double its loan book in the next three years and is confident of cutting credit costs to under 1 per cent going forward, a top official said on Monday. The fresh capital raised in the initial public offer will suffice for over two and a half years, its chief executive and managing director, Rajiv Sabharwal, told reporters after the market debut. Shares of non-banking financial company Tata Capital Ltd on Monday listed over 1 per cent higher against the issue price of Rs 326. The stock was later trading at Rs 330.90, up 1.50 per cent from the issue price on both the BSE and NSE. Speaking to reporters, Sabharwal said, "If our growth rate of our country sustains as we hope it does, then our book can double in the next three years." The company's loan book stands at Rs 2.3 lakh crore at present, and it took just one year to add Rs 50,000 crore to the assets under management (AUM), compared to the ten years it took to reach Rs 50,000 crore ...
The fourth-largest IPO in Indian markets saw strong QIB interest but subdued retail participation, with analysts calling valuations largely priced in
Tata Capital's Rs 15,512-cr IPO, the largest ever by an NBFC and the Tata group's biggest listing, values the company at Rs 1.38 trillion and makes it India's fifth-largest NBFC
The financial services company, part of the Tata Group, could wrap up IPO roadshows this week and file a second draft red herring prospectus soon
Tata Capital has wrapped up a series of investor roadshows across major global financial hubs, setting the stage for its much-anticipated USD 2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, according to people familiar with the development. The non-banking finance company is expected to debut on the bourses by September 30, making it the largest IPO of 2025. The roadshows, launched in August, drew strong participation from global and domestic institutional investors, industry sources said. Senior leadership of the Tata Group's non-banking financial arm held meetings in Hong Kong, Singapore, London, New York, and key Indian cities. The sessions showcased Tata Capital's diversified portfolio, robust financials, and digital-first growth strategy, they added. Market participants said the successful investor outreach has positioned the company well for its market debut, with valuations now expected to touch USD 18 billion. This marks a shar
Tata Capital files updated draft red herring prospectus with Sebi for its IPO, with Tata Sons to sell 230 million shares. The listing is mandated by the RBI by September 2025
Tata Capital board to meet Thursday to consider fresh rights issue ahead of its $2-bn IPO; company had raised Rs 1,500 crore in March via previous rights issue
Tata Capital's board approved the IPO, comprising a fresh issue of up to 230 million shares along with an offer for sale by existing shareholders
Tata Capital's board last week approved the listing of as many as 230 million shares, along with an offer for sale of equity by existing shareholders
Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations
Realty, airline, and new-age businesses still struggling to make money
The Reserve Bank of India (RBI) on Friday said 15 NBFCs, including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration due to various reasons. Nine Non-Banking Financial Companies (NBFC) have ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off. These are Tata Capital Financial Services, Tata Cleantech Capital, Naperol Investments, USG Financial Services, Urja Capital, Vandana Dealers, ABRN Finance, Jodhani Management, and JDS Securities. The RBI further said six NBFCs surrendered their certificate of registration after exiting from Non-Banking Financial Institution (NBFI) business. These were Vian Growth Capital, Drap Leasing and Finance, Jewel Strips, Revolving Investments, Anshu Leasing, and A V B Finance. The certificates of registration were granted to them by the RBI.
As per banking source, of the Rs 8,000 crore, the company will raise debentures qualifying as subordinated debt, or Tier II capital, of up to Rs. 500 crore
Jai Balaji was on the RBI's second list of non-performing assets (NPAs) in 2017-18 mandated for resolution under the Insolvency and Bankruptcy Code
"There is a harmonisation of policies and regulations for upper-scale NBFCs and banks in terms of capital requirements and asset categorisation," Rakesh Singh of Aditya Birla Finance said
In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years
Debt market sources said the funds are likely to be raised through non-convertible bonds (NCDs) in one or more tranches
UPI 123PAY will be useful, especially for payments of low-value and microfinance customers