New Delhi, Feb. 25 -- Tata Investment share price zooms 8 per cent on Tuesday to Rs.6,220.75 on National Stock Exchange (NSE) after Tata Capital approved plans for initial public offering (IPO).

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 the identity of the selling shareholder in the IPO have not yet been revealed.

According to Tata Capital's filing, the OFS will depend on market conditions, necessary approvals, regulatory clearances, and other relevant factors.

Furthermore, Tata Capital's board has approved a Rs.1,504 crore rights i...