TATA announced IPO after 18 years! Will investors get benefit? | Jagran Business

Publish Date: 12 Mar, 2023 |

Tata Group has started preparing to list its another company in the domestic stock market. The name of the company is Tata Technologies, to launch its IPO, the group has submitted documents to the market regulator SEBI. It is being told that this IPO will be completely Offer for Sale (OFS) and under this the existing promoters and shareholders will sell 9.5 crore shares. After TCS in 2004, no Tata group company has entered the domestic stock market.

Under the issue of Tata Technologies, Tata Motors will sell 8.11 crore, Alpha TC Holdings 97.2 lakh and Tata Capital Growth Fund 1 will sell 48.6 lakh equity shares of their share. Tata Motors holds 74.69 per cent stake in Tata Technologies, Alpha TC Holdings holds 7.26 per cent and Tata Capital Growth Fund 1 holds 3.53 per cent.

BofA Securities and Citigroup Global Markets India are the lead managers to this issue by Tata Technologies. According to the initial information, the company will use the amount received from the IPO for the expansion of technology.


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