RBI approves Tata Capital, Tata Motors Finance merger:

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

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Category : Business and economics Published on: October 17 2024

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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.

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RBI approves Tata Capital, Tata Motors Finance merger: