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Tata Capital has confidentially filed for an IPO, joining the likes of Tata Play, OYO, Swiggy, and Credila Financial Services to take the secretive route, per MoneyControl.
Confidential filings allow companies to keep financials and business data under wraps until they finalize the public offering.
The offer will be a mix of fresh issue and Offer for sale (OFS), with Tata Sons and International Finance Corporation (IFC) expected to dilute part of their stake. Tata Sons currently holds 92.9% and plans to retain majority control post-listing.
Tata Capital is the financial nerve center of the Tata empire. The company operates three lending arms alongside investment and advisory units, acting as the capital backbone for the entire Tata ecosystem.
Zoom out: Tata Group has been aggressively expanding its lending footprint. Over the last five years, it has pumped ₹6,097 crore into Tata Capital, with ₹2,003 crore infused in 2024 alone.
As one of the few legacy business houses with a consumer-facing finance play at scale, this IPO could be a marquee moment, not just for the Tatas, but for India’s NBFC sector as a whole.
