Tata Capital

The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval

Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers

Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations

Tata Capital IPO: Tata Capital Board has approved the launch of the Tata Capital IPO as it is required to list its shares on the stock exchange by September 2025

Tata Sons, which holds 93 per cent in Tata Capital, will subscribe to the full extent of its portion in the rights issue, said a source close to the development

The board's meeting, to discuss the size and timing of the rights issue, came shortly after the company sought shareholders' approval in January

Tata Capital, which is facing the Reserve Bank of India's (RBI's) deadline to get its shares listed by September this year, will use the proceeds for on-lending purposes and business operations

As for AKC, this investment was facilitated by Tata Capital Healthcare Fund, the healthcare-focused private equity fund of Tata Capital

The company said its current shareholder base is around 29,000 and in order to avoid a situation where its shareholder base increases further

The non-banking finance company will pay a coupon of 5.3890 per cent on what is its maiden dollar-bond issue

Tightens pricing by 33 bps over initial guidance

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

In 2023-24, TCHF II investments delivered 1.7 million direct health beneficiaries, 41 new jobs for every $1 million invested

Top executives of India's leading NBFCs at the Business Standard BFSI Insight Summit discussed whether they feel a need to step out from under the shadow of traditional banks

Through this merger, Tata Capital aims to attract new customers in the rapidly growing commercial vehicle and passenger car financing segments

The Competition Commission of India (CCI) on Tuesday cleared the proposed merger of Tata Motors Finance Ltd into Tata Capital Ltd. Tata Capital Ltd (TCL) is a subsidiary of Tata Sons and is operating as a non-banking financial company Investment and Credit Company (NBFC-ICC). TCL is engaged primarily in the business of lending, leasing, factoring, financing and distributing financial products. "CCI approves the proposed merger of Tata Motors Finance Ltd with and into Tata Capital Ltd," the regulator said in a post on X. Tata Motors Finance Ltd (TMFL) operates as an NBFC-ICC and is engaged in the business of granting loans and facilities for financing the purchase of new vehicles manufactured by Tata Motors and its group companies. TMFL also refinances existing vehicle finance loans. It is a step-down wholly-owned subsidiary of Tata Motors Ltd. In June this year, Tata Motors, TCL and TMFL's board approved a merger of TMFL with TCL through an NCLT scheme of arrangement. As ...

The loan book of the company as of the end of March was Rs 51,402 crore

In FY24, Tata Capital and Tata Motors Finance reported a net profit of Rs 3,150 crore and Rs 52 crore respectively

Slower growth expected in FY25 but it would still be 'significantly higher' than the industry, says company

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.