class="post-template-default single single-post postid-7196 single-format-standard wp-custom-logo wp-embed-responsive jeg_toggle_light jeg_single_tpl_1 jnews jsc_normal elementor-default elementor-kit-6683">
MNS Store
MONEY NOT SLEEP
  • Indian Stock Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
  • My Tools
No Result
View All Result
  • Indian Stock Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
  • My Tools
No Result
View All Result
MONEY NOT SLEEP
MNS Store
Home India News

Tata Tech IPO Is Coming: First IPO After 18 Years

moneynotsleep by moneynotsleep
December 15, 2022
in India News, Indian Stock Market
2
TATA TECH IPO
0
SHARES
3
VIEWS

Tata Motors’ board of directors has authorized a partial divestment of the business in Tata Tech IPO, its fully-owned subsidiary, via an initial public offering (IPO), according to an exchange filing. The subsidiary is involved in product engineering and digital services.

“We wish to inform you that the IPO committee (duly constituted by Tata Motors’ board of directors) has accorded its in-principle approval to explore the possibility of partial divestment of the company’s investment in Tata Technologies, a subsidiary of the company, through an IPO route at an opportune time,” it said in the filing.

If this tata tech IPO happens before Tata Play, it will be the Tata group’s first IPO since it floated Tata Consultancy Services in 2004. It will also be the first under N Chandrasekaran’s presidency, who took over as Tata group chairman in 2017.

Tata Play is also planning an IPO after tata technologies IPO news comes into the market. On November 29, the direct-to-home platform filed a confidential draught red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). It is the first firm to go through the pre-filing process for its IPO.

According to Tata Motors, the Tata Tech IPO will be subject to market circumstances, necessary permissions, regulatory clearances (including Sebi observations), and certain other considerations.

The business said it will make additional notifications about the IPO as needed, in accordance with the SEBI LODR Regulations and other relevant regulations.

According to the company’s 2022 annual report, Tata Motors owns 74.42% of Tata Technologies. For over five years, the Tata group’s flagship has been intent on departing the technology services industry as part of a bigger plan of abandoning non-core companies.

After an official announcement on the tata tech IPO agreement, it called off the sale of a large minority share (43%) in Tata Technologies to private equity company Warburg Pincus for $360 million in 2018, claiming non-receipt of regulatory approvals and issued in internal performance owing to market circumstances.

Tata Technologies, founded in 1989, provides technological services in the automotive, industrial equipment, aerospace, and related engineering and manufacturing sectors.

Related

moneynotsleep

moneynotsleep

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Stock market loopholes in India

8 Major Stock Market Loopholes In India

December 3, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

November 26, 2022
stocks for swing trading

How To Select Stocks For Swing Trading

November 30, 2022
Top Stock Market Investors In India 2022 And Their Portfolios

Top Stock Market Investors In India 2022 And Their Portfolios

December 1, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

3

Amazon is the latest company to join the wave of layoffs, following Meta and Twitter

2
TATA TECH IPO

Tata Tech IPO Is Coming: First IPO After 18 Years

2
Union Budget 2023

Union Budget 2023: what should you anticipate

2
Nalco Q4 Performance

Nalco Q4 Performance Drives Impressive Surge in Share Prices

May 27, 2023
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023

Recent News

Nalco Q4 Performance

Nalco Q4 Performance Drives Impressive Surge in Share Prices

May 27, 2023
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023
Nalco Q4 Performance
Indian Share Market

Nalco Q4 Performance Drives Impressive Surge in Share Prices

by DigiBro Digital
May 27, 2023
0

Introduction Welcome to our comprehensive analysis of National Aluminium Company Limited's (NALCO) remarkable performance in the fourth quarter of the...

Read more
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023
Pattern Trading

Intraday Trading Strategies: Pattern Trading

May 24, 2023
  • About us
  • Apply For Job
  • Contact us
  • Disclaimer
  • Privacy policy

© 2022 Moneynotsleep

No Result
View All Result
  • Crypto
  • Indian Stock Market
  • International Market
  • International News
  • हिंदी मे
  • My Tools

© 2022 Moneynotsleep