The country's most industrial house Tata Group is bringing an IPO after almost 19 years.
Tata Technologies, a subsidiary of Tata Motors, is going to launch its IPO soon. Know the complete details of this IPO.
According to the document submitted with the market regulator SEBI, this issue will be a full offer for sale (OFS).
Apart from promoter Tata Motors, two other existing shareholders will sell shares under the OFS.
Through This IPO, 95,708,984 equity shares will be sold, which is 23.60% of the total paid-up share capital of the company.
Shareholding in Tata Technologies: - Tata Motors: 74.42 percent - Alpha TC: 8.96 percent - Tata Capital Growth Fund: 4.48 percent
Tata Motors will sell 81,133,706 equity shares through this issue of Tata Technologies.
Alpha TC Holdings will sell 9,716,853 equity shares and Tata Capital will sell 4,858,425 equity shares through this issue.
Let us tell you that in December, the board of Tata Motors approved the proposal to sell some stake in Tata Tech through an IPO.
Earlier, 19 years ago in the year 2004, the IPO of Tata Group's company Tata Consultancy Services (TCS) came.