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Tata Technologies IPO: Tata Group is giving investors a great earning opportunity. After about 19 years, the company of Tata Group is about to bring its IPO. Let us inform that earlier in the year 2004, the IPO of Tata Group’s powerful company TCS had come. Now after 19 years, the IPO of Tata Technology, a subsidiary company of Tata Group company Tata Motors, is about to come. Explain that any company raises public funds through IPO and issues shares of the company to the public. Tata Technologies is a subsidiary of Tata Motors and the company filed DRHP with SEBI on 09 March.
This IPO of Tata Technologies will be completely offer-for-sale (OFS). Under this, the shareholders and existing promoters of the company are going to sell 9.57 crore shares. According to the information, Tata Motors holds 74 percent stake in Tata Technologies. At the same time, Alpha TC Holdings holds 7.26 percent and Tata Capital Growth Fund 1 holds 3.63 percent. Through this IPO, Tata Motors 8.11 crore, Alpha TC Holdings 97.2 lakh and Tata Capital Growth Fund 1 have planned to sell their 48.6 lakh shares.
Tata Group is going to launch its IPO after almost 19 years. Earlier in the year 2004, the IPO of Tata Group’s IT company Tata Consultancy Services (TCS) was launched. Now Tata Technologies will soon enter the stock market. In this way, another company of Tata Group is ready to be listed in the stock market.
What does Tata Technologies do
Let us tell you that Tata Technologies is a global product engineering and digital services company. This company was formed 33 years ago. Tata Technologies is engaged in the business of product engineering and digital services. The company provides services to the automotive, industrial heavy machinery and aerospace sectors. Apart from this, the company mostly depends on Tata Group for business, especially Tata Motors and Jaguar Land Rover Company. Let us inform that the rival companies of this company are Cyient, Infosys, KPIT Technologies, Persistent.
