tata technologies share price, Tata’s share took rocket speed even before IPO, demand increased in unlisted market; Price increased in 3 weeks – tata technologies share price tata tech stock jumps 30 percent in unlisted market know reason
Shares of Tata Technologies are trading around Rs 7,300 in the unlisted market, up from around Rs 5,500 earlier. Recently, the company has announced the issue of one bonus share for every share, for which the record date has been fixed as 16 January 2023. Apart from this, the company has also announced to divide one share into 5 shares.
Meanwhile, Tata Motors has informed the stock market that the company is considering disinvestment in Tata Technologies. Note that Tata Technologies is a subsidiary of Tata Motors. Tata Technologies, a product engineering and digital services major, has started taking the necessary initial steps to bring about an IPO. If Tata Motors’ plan succeeds, it will be another Tata Group IPO after TCS in 2004.
Tata Consultancy Services (TCS), the country’s largest IT company, had an IPO about 18 years ago. Ratan was the chairman of the Tata group at the time, but this will be the first IPO of any Tata group company since N Chandrasekaran became the chairman (chairman) of Tata Sons in 2017.
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share in the company
According to Tata Motors’ 2022 annual report, the company has 74 percent stake in Tata Technologies. In 2018, Tata Motors had begun the process of selling its 43 percent stake in Tata Technologies to Warburg Pincus for $360 million, but later called off the decision.
Meanwhile, looking at the financial results of Tata Technologies, the company’s revenue in 2021-22 was Rs 3,529.6 crore. On which there was an operative profit of Rs.645.6 crore and a profit of Rs.4377 crore. Tata Technologies focuses on 4 verticals which include Automotive, Aerospace, Industrial Machinery and Industrial.
