The non-banking finance arm of Tata Group aims to launch the share sale as early as August. — Bloomberg
MUMBAI: Tata Capital Ltd has received the approval of India’s markets regulator to proceed with its plans for an initial public offering or IPO that may fetch about US$2bil, according to sources, in what is expected to be the country’s biggest listing this year.
The Securities and Exchange Board of India (Sebi) notified the company and its bankers, according to the source.
