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Tata Technologies: Tata Technologies to Diversify into Aerospace and Non-Core Businesses | Pune News_INSIGHT

Pune: Tata Technologies is looking to diversify into aerospace, construction and heavy machinery businesses in addition to the automobile sector, Warren Harris, CEO and MD said while speaking at the company’s IPO press conference.
The company’s IPO is scheduled to open on November 22 and close on November 24 and has set a price band of Rs 475-500 per share. The company’s entire IPO is an offer-for-sale (OFS) of 6.08 crore shares by Tata Motors, Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I.
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Tata Technologies sets IPO price band at Rs 475-500 per share
Tata Technologies has announced the price band for its initial public offering (IPO) at Rs 475-500 per equity share. The IPO, which is entirely an Offer For Sale (OFS), will open for public subscription on November 22 and end on November 24. The company expects to raise between Rs 2,890.4 crore and Rs 3,042.5 crore through the offering. Tata Technologies plans to drive future growth by deepening engagements with existing clients and expanding capabilities in digital engineering. The IPO is set to be listed on the BSE and NSE by the end of November or early December.
Tata Technologies sets IPO price band at Rs 475-500 per share
Tata Technologies has announced that its initial public offering (IPO) will be open for public subscription from November 22. The IPO, which is the first from the Tata Group in nearly two decades, has set a price band of Rs 475 to Rs 500 per share. The offering will include up to 15% of Tata Technologies’ paid-up equity share capital. Tata Motors plans to divest 11.4% of its stake in the IPO. The subscription window for the public will close on November 24.
Tata Technologies IPO to open for subscription on November 22
Tata Technologies, a unit of Tata Motors, has announced that its initial public offering (IPO) will open for public subscription on November 22. The IPO will include the sale of up to 15% of Tata Technologies’ equity share capital, with Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I all offloading portions of their stakes. The IPO will be open until November 24, 2023. Previously, Tata Motors sold a 9.9% stake in Tata Technologies to TPG Rise Climate for Rs 1,613.7 crore.



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