RBI approves Tata Capital, Tata Motors Finance merger:

RBI approves Tata Capital, Tata Motors Finance merger:

Daily Current Affairs   /   RBI approves Tata Capital, Tata Motors Finance merger:

Change Language English Hindi

Category : Business and economics Published on: October 17 2024

Share on facebook
  • The Reserve Bank of India (RBI) has approved the merger of Tata Capital, an unlisted entity, with Tata Motors Finance (TMFL), paving the way for the formation of India’s 12th largest non-banking finance company.
  • As consideration for the merger, Tata Capital will issue equity shares to the shareholders of TMFL, resulting in Tata Motors holding a 4.7 percent stake in the merged entity.
Recent Post's
  • Revised GDP Base Year Series to Launch on Feb 27, 2026

    Read More....
  • 8.8 Magnitude Earthquake Near Russia Triggers Tsunami Across Japan & U.S.

    Read More....
  • Australia to Enforce Under-16 Age Ban on Social Media from Dec 10

    Read More....
  • Gene Test Mandatory for Female Athletes in Global Events from Sep 1

    Read More....
  • Nikhil Ravishankar Appointed CEO of Air New Zealand

    Read More....
  • Suhani Shah Wins “Best Magic Creator” Award at FISM 2025

    Read More....
  • India and UAE Agree to Deepen Defence Ties at JDCC Meet

    Read More....
  • Anant Ambani Appointed Executive Director on Reliance Industries Board

    Read More....
  • Trump Imposes 25% Tariff on Indian Imports Over Russia Ties

    Read More....
  • ₹13,000 Cr NISAR Satellite Launched by India and U.S. from Sriharikota

    Read More....