• Tata Capital Ltd has confidentially filed draft papers for an IPO expected to raise over Rs 15,000 crore through a mix of primary and secondary share sales, with Tata Sons retaining at least 75% stake post-listing. Tata Sons and International Finance Corporation plan to dilute part of their stakes.
• Tata Group is seeking to raise $1.3 billion for its digital units BigBasket and 1mg, with Citi and Moelis leading the fundraising efforts targeting Canadian pension funds and Asian sovereign investors. BigBasket is earmarked for $1 billion and 1mg for $300 million.
• Jindal Power and Sev.en Global Investments are competing to acquire Apraava Energy's 1,320-MW coal-fired power plant in Jhajjar, Haryana, in a deal valued at around Rs 4,000 crore. HSBC and Axis Capital are advising Apraava on the sale.
• Prestige Hospitality Ventures Ltd plans to file draft papers for an IPO to raise Rs 2,000 crore to Rs 2,500 crore, with parent Prestige Estates Projects Ltd diluting about 10% stake. Healthtech startup Pristyn Care is in advanced talks to raise $7–10 million for its fitness-tech unit Beatxp.

Sreeja Biswas

Financial services company Tata Capital Ltd has submitted draft papers through the confidential pre-filing route for an initial public offering, a media report said. 

The planned IPO is expected to raise over Rs 15,000 crore and will comprise a mix of primary and secondary share sales. Tata Sons and International Finance ......

Grapevine: Tata Group, Apraava, Prestige Hospitality, NxtGen, Pristyn Care in news

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Tata Capital plans an IPO to raise over Rs 15,000 crore; Apraava Energy, Prestige Hospitality, NxtGen Network, and Pristyn Care also make headlines.

Tata Group, Apraava Energy, Prestige Hospitality, NxtGen, Pristyn Care in News

Pristyn Care

NxtGen Datacenter &amp; Cloud Technologies Pvt Ltd

Prestige Estates Projects Ltd

Apraava Energy

BigBasket

Tata Capital Ltd

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Grapevine: Tata Group, Apraava, Prestige Hospitality, NxtGen, Pristyn Care in news

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