India's Tata Investment Corp jumps to near 3-week high on media report on Tata Capital IPO

About this update from Tata Investment Corporation Limited

** Shares of Tata Investment Corporation Ltd NSE:TATAINVEST jump 4.4% to 6,826 rupees** Stock climbs to highest in about three weeks after NDTV Profit reports non-bank lender Tata Capital has filed updated draft papers for its IPO** TINV, the investment arm of salt-to-software conglomerate Tata group, holds 2.2% stake in Tata Capital** Report says Tata Capital will issue new shares worth 210 million rupees, while top shareholder Tata Sons will offload 230 million shares, and International Finance Corp will sell 35.8 million shares** Tata Capital and IFC did not respond to a Reuters request for comment, while Tata Sons referred Reuters' query to the IPO-bound firm ** Around 187,000 shares traded, 3.4x the 30-day avg volume

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