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Tata Capital IPO Makes Muted Market Debut After $1.75 Billion Offering
Tata Capital’s $1.75 billion IPO saw shares rise 1.37% in trading debut on NSE and BSE. The Tata Group financial arm’s offering was fully subscribed with strong institutional demand. India continues as one of world’s most active IPO markets.
Tata Capital, the financial services arm of the renowned Tata Group, made a modest market debut Monday with shares rising 1.37% following its massive ₹155.1 billion ($1.75 billion) initial public offering. The stock began trading on both the Bombay Stock Exchange and National Stock Exchange after one of India’s largest IPOs this year.
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