Tata Capital, the financial services arm of the Tata Group, has filed its red herring prospectus with SEBI and the stock exchanges on Friday. According to the regulatory filing, the IPO will open for public subscription on October 6 and remain open until October 8. Ahead of the main issue, the anchor investor bidding round will be conducted on October 3.

The public issue will consist of a fresh issue of up to 21 crore equity shares, alongside an offer for sale of up to 26.582 crore equity shares by existing shareholders. At a face value of Rs 10 per share, the issue is expected to be one of the largest financial sector listings in recent years.

( More details to follow. )

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