Tata Capital board approves plans for IPO, Rs 1,504-cr rights issue

The size of the IPO is expected to be roughly $2 billion or around Rs 18,000 crore, ET had reported earlier. At a meeting on Tuesday, the company's board approved the initial public offering, which will include a fresh issue of 230 million shares as well as an offer for sale by existing shareholders, according to the company's exchange filing.