Have money ready! Don’t miss out on a great earning opportunity; Tata’s IPO will hit the market after 18 years
The IPO will come next year
According to a report from ET Now, this Tata company is planning an IPO in Q1FY2024. The company is likely to submit documents to SEBI in the coming quarter and the company is currently in discussions with merchant bankers on the issue. A company can issue both offer for sale i.e. OFS and new shares through IPO.
Founders of Tata Group can offer for sale of shares. According to sources, the company is likely to sell at least 10% stake through an equity offer. Tata Motors holds majority stake in Tata Technologies at 72.48%. While, Singaporean investment firm Alpha TC holds 8.96% stake in the company.
Huge earnings from the stock market, Tata group stocks will give huge profits in the future
Learn about the company
Tata Tech mainly focuses on automotive, aerospace, industrial machinery and industry sectors. The company is headquartered in Pune and has 18 distribution centers worldwide. At the same time, it has 9,300 employees. Tata Tech is a profitable group company. Tata Tech’s revenue for the financial year ended March 31, 2022 was Rs 3529.6 crore. Tata Motors is the largest shareholder in Tata Technologies with an equity stake of around 72%. Most of the remaining equity is owned by other Tata Group entities and Alpha TC Holdings, a Singapore-based investment firm backed by Mizuho Securities.
Jaguar Land Rover CEO Resigns
A change in the top management position at Tata Motors Ltd, an Indian multinational automotive manufacturing company, has changed investor sentiment. Tata Motors on Wednesday announced the resignation of Jaguar Land Rover (JLR) chief executive officer (CEO) and non-executive non-independent director, Thierry Bollore. Thierry Bollore has resigned as CEO after just two years. This is the fourth resignation of a top official in the last 14 years.
