Tata
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Tata Technologies Submits IPO Papers With Sebi To Raise Capital Via OFS
Currently, Tata Motors holds 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings which is a singapore-based investement firm managed by Tata Capital Advisors owns 8.96 per cent
Topics
Tata Motors | Tata Technologies | Tata group
The Tata Technologies has submitted papers with the market regulator Securities and Exchange Board of India (Sebi) to raise capital via an initial public offering (IPO). Existing shareholders and promoters will sell up to 95.71 million shares. It will be a pure offer for sale (OFS) arrangement.
Currently, Tata Motors holds a 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings, a Singapore-based investment firm managed by Tata Capital Advisors, owns 8.96 per cent. Additionally, Tata Capital Growth Fund manages a 4.48 per cent stake in the company.
Chief Executive Officer Warren Harris leads the company. It employs more than 11,000 people across 18 delivery centres around the globe.
In December 2023, the Tata Motors board authorised a partial divestment of its ownership in Tata Tech. Tata Technology largely served Tata Motors, Jaguar Land Rover, and the wider Tata Group. It specialises in automotive, aerospace, industrial heavy machinery and other verticals.
The company is involved in complex engineering programs and expert domain services. Their work includes shared services, component, subsystem and system delivery, full vehicle turnkey projects and software-defined vehicles.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, March 10 2023. 11:47 IST
RECENT NEWS
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more