<ul><li>Tata Capital Ltd. has confidentially filed draft papers for its IPO, with an expected worth of up to $2 billion.</li><li>The IPO is expected to comprise a fresh issue of 23 crore equity shares and an offer-for-sale by certain existing shareholders.</li><li>Tata Capital had long been preparing for a public listing and had received approval for a merger with Tata Motors Finance.</li><li>Tata Capital becomes the latest company to utilize the pre-filed confidential route for its IPO filing.</li></ul>

Tata Capital IPO: Upper Layer NBFC's $2 Billion Offer Latest To Go The Confidential Way

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