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RBI approves Tata Capital’s conversion to NBFC Investment Credit Company (ICC).
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Tata Capital completes merger with Tata Cleantech Capital and Tata Capital Financial Services.
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Company receives Certificate of Registration as NBFC-ICC, paving way for possible listing.
The Reserve Bank of India (RBI) has approved Tata Capital’s conversion to an NBFC – Investment Credit Company (ICC) from an NBFC – Core Investment Company (CIC). This development follows the completion of a merger between Tata Capital, Tata Cleantech Capital, and Tata Capital Financial Services.
Tata Capital, a subsidiary of Tata Sons, has received the Certificate of Registration as an NBFC-ICC, allowing it to operate as an investment credit company. This move paves the way for a possible listing of the company’s shares on stock exchanges. The RBI’s approval is a significant milestone for Tata Capital, which has been working towards consolidating its financial operations under a single umbrella.
The merger and conversion are part of Tata Capital’s efforts to comply with RBI regulations, which require large non-banking finance companies (NBFCs) to list their shares on a stock exchange within three years. Tata Sons, the parent company of Tata Capital, was classified as an “upper layer” NBFC in 2022 and is required to become a publicly traded entity by September 2025.
