Tata Capital IPO: Company files draft IPO papers with Sebi; Tata Sons to offload 23 crore shares
Tata Capital, the financial services arm of the Tata Group, has filed updated draft papers with Sebi for a mega initial public offering (IPO) estimated at $2 billion (Rs 17,200 crore), people familiar with the matter said. The IPO is expected to value the company at around $11 billion.According to the updated Draft Red Herring…