Reported about 9 hours ago
Tata Group is pursuing a valuation of up to $11 billion for Tata Capital, its financial services arm, in what may become India's largest IPO of the year. The initial public offering could potentially raise $2 billion and involves the listing of 230 million shares alongside a rights issue of approximately $172 million. Despite recent declines in the stock market, India's IPO landscape remains active with other companies, including LG Electronics and Prudential, also planning to go public.
Source: YAHOO