New Delhi, Feb. 25 -- Tata Investment share price zoomed 10 per cent in Tuesday's trading session to Rs.6,220.75 on the National Stock Exchange (NSE) after Tata Capital approved plans for an initial public offering (IPO).

Tata Capital, a non-banking financial services (NBFC) company, operates as a subsidiary of Tata Sons, the group's holding company. Currently, Tata Investment Corporation (TICL) holds over a 2% stake in Tata Capital, while its parent company, Tata Sons, owns 93% of the NBFC.

Tata Capital's IPO will include a fresh issue of shares with a face value of Rs.10 each, amounting to Rs.23 crore. The rest of the offering will comprise an offer for sale (OFS) by select existing and eligible shareholders.

The size of the OFS and ...