Tata Capital is launching India’s largest financial-sector IPO on October 6, aiming for a valuation of around $18 billion. The Rs 17,200 crore issue includes a fresh share sale and OFS by Tata Sons and IFC. Proceeds will bolster Tier-1 capital, fulfilling RBI’s listing mandate. Strong FY25 profits and wide retail presence support the investment case, while unlisted shares trade 33% below last year’s peak.
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed