Event Date: N/A
February 25, 2025, Tata Capital Limited ("Company") issued a notification to the Listing Department of BSE Limited and the National Stock Exchange of India Ltd. This notification, made in compliance with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, communicates decisions made by the Company's Board of Directors during a meeting held on the same day.
The approved decisions include the following:
a) The offer and issuance of equity shares, each with a face value of ₹10, for an aggregate amount not exceeding ₹1,504 crore. These shares will be offered on a rights basis to the existing equity shareholders of the Company, as of the record date of February 25, 2025.
b) The initial public offering (IPO) of equity shares, each with a face value of ₹10 ("Equity Shares"). This offering comprises of (i) a fresh issue of up to 23,00,00,000 (Twenty Three crore) Equity Shares and (ii) an offer for sale of Equity Shares by certain existing and eligible shareholders of the Company. This IPO is subject to market conditions, receipt of applicable approvals, regulatory clearances, and other relevant considerations.
The communication, signed by Sarita Kamath, Head - Legal & Compliance and Company Secretary, requests that the stock exchanges take the information on record. The Corporate Identity Number of Tata Capital Limited is U65990MH1991PLC060670. The registered and corporate office is located at 11th Floor Tower A Peninsula Business Park Ganpatrao Kadam Marg Lower Parel Mumbai 400 013.
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