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Tata Motors Shares Trade Higher As Tata Technologies Get SBI Approval For IPO
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Tata Motors Shares Trade Higher As Tata Technologies Get SBI Approval For IPO
26 October 2024
The Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of Tata Technologies. This IPO marks the first public issue from the Tata Group in almost two decades. Tata Technologies submitted its IPO documents to SEBI in March. The IPO consists entirely of an offer for sale (OFS), in which the selling shareholders will sell up to 9.57 crore units, representing 23.60% of the company’s paid-up share capital.
The Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of Tata Technologies. This IPO marks the first public issue from the Tata Group in almost two decades. Tata Technologies submitted its IPO documents to SEBI in March. The IPO consists entirely of an offer for sale (OFS), in which the selling shareholders will sell up to 9.57 crore units, representing 23.60% of the company’s paid-up share capital.
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