05
Oct
#TataCapitalIPO #LIC #AnchorInvestors #IPO #StockMarket #TataGroup #NBFC #IndianStockMarket #FinanceNews Mumbai: The Initial Public Offering (IPO) of Tata Capital, the financial services arm of the Tata Group, has garnered exceptional interest from institutional investors, with state-run Life Insurance Corporation (LIC) emerging as the largest anchor investor. Ahead of its public subscription opening on October 6, the non-banking financial company (NBFC) successfully raised a staggering Rs 4,642 crore from anchor investors. Tata Capital allotted 14.24 crore equity shares at the upper end of the price band, Rs 326 per share, to 135 funds. LIC's Substantial Commitment LIC led the pack of marquee…