India's largest industrial house Tata Group is preparing to bring an IPO after 19 years.
According to sources, Tata Technologies, a subsidiary of Tata Motors, can raise Rs 3,500 to 4,000 crore through this IPO.
Tata Technologies is one of the world's leading companies in the digital, engineering, and technology services sector.
Tata Motors holds a 74.42% stake in Tata Technologies, Alpha TC holds 8.96% and Tata Capital Growth Fund holds 4.48%.
Its valuation for this issue (IPO) of Tata Technologies can range from Rs 16,200 to Rs 20,000 crore.
Tata Group has not yet fixed any date for this IPO of Tata Technologies, a subsidiary of Tata Motors.
Earlier, the IPO of Tata Consultancy Services (TCS), a Tata Group company, came 19 years ago in 2004.
Let us tell you that this will be the first IPO of Tata Group during the tenure of Tata Sons Chairman N Chandrasekaran.
Let us tell you that this will be the first IPO of Tata Group during the tenure of Tata Sons Chairman N Chandrasekaran.
Tata Group has started working on this IPO. According to sources, the company is working with two advisors.