Even when foreign institutional investors (FIIs) flood Indian IPOs with billion-dollar bids, they aren’t really making much money, said Samir Arora, founder and fund manager at Helios Capital Management. In a post on X (formerly Twitter) on Friday, Arora argued that despite headline-grabbing oversubscriptions, “FII investors don’t really make any serious money,” citing currency conversion … Read more
Tata Capital, the flagship financial services arm of the Tata Group, is gearing up for India’s largest financial-sector IPO of 2025, with bidding set to open on Monday, October 6, and close on Wednesday, October 8. The company filed its red herring prospectus with Sebi and the bourses on September 26, moving a step closer … Read more
The International Finance Corporation is set to pocket hefty returns from Tata Capital‘s upcoming USD 2 billion (Rs 17,000 crore) initial public offering, as the World Bank Group arm looks to trim its stake in the non-banking finance company. The International Finance Corporation (IFC) will offload 3.58 crore shares in the offering, exiting part of … Read more
Tata Group’s Tata Capital is one step closer to listing on Dalal Street, with reports indicating that the company approved its initial public offering (IPO) plans on Tuesday. According to a Reuters report, Tata Capital will issue 23 crore new shares, while some existing shareholders will exit through the offer for sale (OFS) route. The … Read more