Tata Capital has filed preliminary papers for a Rs 15,000 crore plus IPO with Sebi, aiming to list shares by September 2025. The IPO will include new shares and stake sales from Tata Sons. Tata Capital showed significant financial growth with a revenue jump of 34% in FY24.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.