Tata Capital Debuts Higher After India’s Biggest IPO of Year (2)

Tata Capital Ltd. advanced in its Mumbai trading debut after the shadow lender wrapped up its 155-billion-rupee ($1.7 billion) initial public offering, India’s biggest this year.

The stock rose 1.4% from its IPO price to 333.5 rupees on Monday. The offering, the country’s largest of its kind since Hyundai Motor India Ltd.’s record $3.3 billion deal last year, attracted funds managed by Morgan Stanley and Goldman Sachs Group Inc. among its anchor investors.

Tata Capital, a unit of India’s oldest conglomerate, kicked off a big week for debuts in the country as shares of LG Electronics Inc.’s local ...