Tata Technologies sets IPO price band at Rs 475-500 per share

Tata Technologies, a digital services company specializing in engineering and product development, is set to go public with its initial public offering (IPO) starting on November 22. The IPO, the first from the Tata Group in nearly two decades, will offer up to 15% of Tata Technologies' equity share capital. Tata Motors plans to divest 11.4% of its stake, while private equity firm Alpha TC Holdings and Tata Capital Growth Fund I will also sell a portion of their shareholdings.

Nov 16, 2023 - 09:30
Tata Technologies sets IPO price band at Rs 475-500 per share
Tata Technologies, a digital services company specializing in engineering and product development, is set to go public with its initial public offering (IPO) starting on November 22. The IPO, the first from the Tata Group in nearly two decades, will offer up to 15% of Tata Technologies' equity share capital. Tata Motors plans to divest 11.4% of its stake, while private equity firm Alpha TC Holdings and Tata Capital Growth Fund I will also sell a portion of their shareholdings.