Tata Capital, the financial services arm of Tata Group, is set to launch its ₹17,000-crore IPO from October 6-8, marking the country’s largest public offering since Hyundai last year. This significant issue, driven by RBI directives for NBFC transparency, will raise funds to strengthen Tier-I capital and support future lending growth. Tata Sons will remain the primary shareholder.
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Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook.