Tata Capital IPO to open soon. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Capital Ltd. is gearing up for Rs 15,511 crore through its upcoming initial public offering. The company recently announced its price band for the IPO at Rs 310-326 per share. The IPO is scheduled to open for subscription on Dalal Street on Oct. 6 and close on Oct. 8.

In an exclusive interview with NDTV Profit, Rajiv Sabharwal, Managing Director and CEO of Tata Capital, said that the company has been consistently getting strong capital support from Tata Sons for its growth. However, he pointed out that the regulatory framework introduced by the Reserve Bank of India in September 2022 regarding the NBFC Upper Layer classification was a key trigger for the IPO.

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