IPO windfall: IFC set to reap 13x gains in Tata Capital listing; World Bank arm trims stake
The International Finance Corporation (IFC) is set to gain substantial returns from Tata Capital’s upcoming $2 billion IPO by offloading a portion of its shares acquired in 2011 through Tata Cleantech. IFC’s initial investment of Rs 179 crore is now valued at approximately Rs 2,458 crore, potentially increasing further post-IPO.🕒 1 min read
The International Finance Corporation (IFC) is set to gain substantial returns from Tata Capital’s upcoming $2 billion IPO by offloading a portion of its shares acquired in 2011 through Tata Cleantech. IFC’s initial investment of Rs 179 crore is now valued at approximately Rs 2,458 crore, potentially increasing further post-IPO.
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