Ritika
Delhi: Ratan Tata’s Tata Group is known as the most trusted brand not only in India but in the world. Now you will get another chance to earn from Tata Group. If you are planning to invest in IPO, then soon you will get a chance. This company of Tata group is preparing to bring IPO in the market after 18 years.
Tata Technologies coming up with an IPO
Tata Technologies, a subsidiary of Tata Motors, is coming up with an IPO. The draft Red Herring Prospectus (DRHP) has been filed with SEBI on Thursday. Tata Motors has informed about this. Tata Technologies’ IPO will be a fully offered-for-sale (OFS). Under this, 9.57 crore shares will be sold to the shareholders and existing promoters of the company. According to the information, Tata Motors holds 74% stake in Tata Technologies. While Alpha TC Holdings holds 7.2% and Tata Capital Growth Fund holds 3.63%. Through this IPO, Tata Motors will sell 8.11 crore shares, Alpha TC Holdings 97.2 lakh shares and Tata Capital Growth Fund 48.6 lakh shares. Tata Group is going to bring IPO after almost 18 years.
read this also
The list is going to happen in the stock market
Earlier, the company had entered the IPO market in 2004 with Tata Consultancy Services (TCS), the IT company of Tata Group. Now Tata Technology is going to enter the share market soon. Another company of Tata Group is going to be listed in the stock market. Tata Technology is an engineering and digital services company. Now investors will get an opportunity to earn soon. Getting this opportunity after 18 years.
