Tue Oct 07 03:30:00 UTC 2025: Okay, here’s a news article summarizing the provided text, focusing on the most important developments:

**Tata Capital IPO Day 2: Subscription Slows, Internal Power Struggle at Tata Trusts**

**Mumbai, October 7th, 2024** – The Tata Capital IPO entered its second day with a lukewarm reception, having been subscribed just 0.39 times overall on its first day. Qualified Institutional Buyers (QIBs) bid for 0.52 times the shares allocated to them, while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribed 0.29 and 0.35 times, respectively. The employee quota showed the strongest interest, being subscribed 1.10 times. Market watchers are now focused on whether retail and institutional participation will increase as the subscription window continues. Lakshmishree Investment recommends a ‘subscribe’ rating for long-term investors, citing the company’s strategic expansion and regulatory requirements, viewing the IPO as a way to strengthen the company’s capital base for lending and growth.

The IPO aims to augment the company’s Tier-I capital to meet future capital requirements, including onward lending. Tata Capital Ltd (TCL) is required to maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least 15%.

Adding to the backdrop of the IPO, reports indicate a potential power struggle within the Tata Trusts, which holds a controlling stake in Tata Sons. Disagreements over governance and transparency, along with the question of a possible Tata Sons listing, are reportedly causing friction. A board meeting is scheduled for October 10th, which is expected to draw heightened attention.

Meanwhile, Indian benchmark indices are expected to open flat today, with GIFT Nifty trading near 25,153.50. On October 6th, the Nifty 50 closed above 25,000, driven by IT and financials. Analysts suggest key support levels for the Nifty 50 lie around 25,000, with resistance around 25,100 and 25,250.

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