Tata Group’s IPO gets approval from SEBI, Tata’s company’s IPO coming after 19 years
Will sell 9.57 crore shares
It is a subsidiary company of Tata Motors. According to the draft paper, the company (Tata Technologies) will sell about 9.57 crore shares through this IPO. Out of this, Tata Motors will sell its share worth Rs 8.11 crore. In the remaining shares, Alpha TC Holdings will sell 97.2 lakh shares and Tata Capital Growth Fund 1 will sell 48.6 lakh shares from its holding.
Gautam Adani: When Adani’s shares fell upside down, this person lost Rs 4400 crore, once he was rich by bettingIPO came in the year 2004
Earlier, the IPO of Tata Consultancy Services (TCS), a Tata Group company, came in the year 2004. Today TCS is the second most valuable company in the country. Let us tell you that Tata Technologies is one of the world’s leading companies in the digital, engineering and technical services sector. This IT stock has given handsome returns to the investors. It has been one of the biggest wealth creators of Dalal Street. The market capitalization of this company has been around Rs 11.7 lakh crore.
