Business

Tata Capital Enlists 10 Investment Banks for ₹15,000 Crore Major IPO

Published

1 year ago

March 23, 2025

Tata Capital, the financial services division of Tata Sons, has announced the appointment of approximately 10 investment banks to oversee its upcoming initial public offering (IPO), which is planned for this year. This IPO aligns with the Reserve Bank of India’s mandatory requirement for “upper layer” non-banking financial companies (NBFCs) to list within three years of receiving notification, with a deadline set for September 2025.

The investment banks selected to facilitate the share sale include SBI Capital Markets, Kotak Mahindra Capital, Axis Capital, JP Morgan, HDFC Bank, Citibank, ICICI Securities, HSBC Securities, IIFL Capital, and BNP Paribas.

Tata Capital has begun preparations for its IPO to adhere to regulatory requirements, with an anticipated issue size exceeding Rs 15,000 crore. In this initial phase, Kotak Mahindra Capital and the law firm Cyril Amarchand Mangaldas have been enlisted as advisors.

As of March 31, 2024, Tata Sons owned 92.83% of Tata Capital Limited, while the remaining shares were held by other Tata Group entities and the International Finance Corporation (IFC). A recent Fitch report indicated that Tata Sons’ stake in Tata Capital is not expected to drop below 75% following the upcoming public listing.

The board of Tata Capital approved the IPO plan on February 25, which will feature a fresh issue of up to 230 million shares alongside an offer for sale of equity shares by existing shareholders. The IPO will proceed subject to market conditions and necessary regulatory approvals.

Additionally, Tata Capital’s board approved a rights issue aimed at raising Rs 1,504 crore prior to the IPO launch, with Tata Sons set to subscribe to the entire rights issue.

It is anticipated that Tata Capital will submit its draft documents by the end of March or early April via the confidential pre-filing route introduced by SEBI in November 2022. This approach allows companies to keep sensitive business information, including financial metrics and risks, confidential, shielding them from competitors. The pre-filing process provides IPO issuers with the assurance of privacy until a final decision on the listing is made, and if market conditions change, they can retract without revealing critical details.

Business

Overseas Loans by Indian Firms See Sharp Decline

Published

24 hours ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.