Tata Sons’ stake in its subsidiary, IPO-bound Tata Capital, is worth around $11.5 billion, post the rights issue earlier this year, and based on the price of ₹281 per share, at which the rights shares were issued.
According to Tata Capital’s annual report, its holding firm Tata Sons’ stake in it rose a notch to 92.86 per cent at the end of March 2025, from 92.83 per cent held a year back. The number of shares held by it rose 1.5 per cent during the year.
Tata Capital had raised ₹1,504 crore through a rights issue of shares, while it also raised ₹8,977 crore through an issue of non-convertible debentures.
The non-banking lender has filed the papers for its initial public offer through the confidential route and is likely to make a public filing by the end of July, according to sources.
The company has also sought shareholder approval to raise ₹30,000 crore through the issue of debt securities.
According to the FY25 annual report Tata Capital is the third largest non-banking lender in India with a total loan book size of over ₹2.2 lakh crore, up 41 per cent on year.
The NBFC’s net interest income rose 62 per cent to over ₹13,000 crore, while net profit was 16.3 per cent higher at ₹3,664.7 crore.
The lender’s main activities include loan against property, personal loans, business loans, car loans, commercial vehicle loans, among others, the focus being retail and SME customers.
Disbursements rose 36 per cent during the year to over ₹1.4 lakh crore.
Published on July 8, 2025
