International Finance Corporation Tata Capital will provide a huge return of the next public offering fur of the next $ 2 billion (Rs 17,000 crore), as the World Bank Group will cut its stake in Arm non-banking finance company.

Load will flaw 8.58 million shares in the International Finance Corporation (IFC) offer, according to the updated draft draft Red Harring Prospectus (DRHP), updated Draft on the Clintech Business of Tata Capital in 2011.

Those familiar with the matter said that Tata Capital is likely to launch its initial public offering run (IPO) of $ 2 billion after the Reserve Bank India (RBI) has given an extension to list its shares on the BU OURS.

Previously, the non-banking finance company was given time for a list of stock exchanges till September 30.

IFC, World Bank Group’s private sector arm, Tata Cleantech Capital Limited (TCCL) partnered with Tata Capital in 2011, ordering renewable and sustainable infrastructure projects. At that time, clean energy parks in India were still regarded as a subsidy-relevant field.

In the past decade, TCCL emerged as a major green financier, supporting more than 500 renewable projects in solar, wind, biomass, small hydro, water treatment and electric mobility.

In addition, the company has allowed a clean energy capacity of more than 22,400 MW and created one of the most widely cleantech portfolio in the country. By FY 25, ClinTech and Infrastructure Finance Loan Book exceeded Rs 18,000 crore, which has increased to CAGR of about 32 per cent in the last two years, showing draft papers.

After the TCCL merger with Tata Capital, IFC now holds 7.16 million shares, or about 1.8 percent in Parent NBFC. Out of this, he plans to fload the Load of 8.58 crore shares in the next IPO.

The IFC entered at an adjusted price of about Rs 25 per share, giving its overall investment worth about Rs 179 crore. On the issue of Rs 343 per share, the stake is about Rs 2,458 crore, which translates into fantasy profits worth around Rs 2,278 crore. Delivering almost 13 times, Tata Capital’s investment has been very beneficial for IFC.

The potential benefit is based on the issue of the right to issue. People familiar with the matter said that IPO prices are expected to be higher, which could further increase IFC’s return.

In July, Tata Capital paid Rs 343 per share and a matter of Rs. 1,752 crore raised.

The next IPO will include shares up to 21 crore and sales of up to 26.58 crores (OFS), including promoter Tata Sons’ 23 crore shares and 3.58 crore shares of IFC, which filed updated draft papers filed in August.

Promoter Tata Sons owns 88.6 percent of Tata’s capital.

Revenue from fresh issues will be deployed to increase the capital and fuel credit growth of tire -1.

If successful, the IPO will be the largest public issue in India’s financial sector. After the debut of Tata Technologies in November 2023, it will also mark another public list of the Tata group in recent years.

The IPO is being carried out corresponding to the order listed for RBI’s upper-layer NBFC, which needs to be listed within three years of classification. Tata Capital was appointed as upper-layer NBFC in September 2022.