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Stock impact report

Tata Capital Seeks as Much as $11 Billion Value in India IPO [Yahoo! Finance Canada]

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
its financial services unit in what could be India's biggest initial public offering this year, according to people familiar with the development. Most Read from Bloomberg Tata Capital Ltd.'s IPO could raise as much as $2 billion, the people said, asking not to be identified because the deliberations are private. Considerations are ongoing and details could change, the people said. Representatives for Tata didn't immediately respond to requests for comment. Tata Capital's board last week approved the listing of as many as 230 million shares, along with an offer for sale of equity by existing shareholders. It also announced a rights issue of as much as 15.04 billion rupees ($172 million). India's IPO market is defying a recent slump in stocks. LG Elect Read more
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