Tata Technologies IPO gets approval from Sebi | Mint
26 October 2024
Tata Technologies Ltd, a subsidiary of automobile major Tata Motors, has received approval from capital market regulator Securities & Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Tata Technologies IPO is purely an offer for sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60% of its paid-up share capital, according to the Draft Red Herring Prospectus (DRHP) filed in March.
Tata Technologies Ltd, a subsidiary of automobile major Tata Motors, has received approval from capital market regulator Securities & Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Tata Technologies IPO is purely an offer for sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60% of its paid-up share capital, according to the Draft Red Herring Prospectus (DRHP) filed in March.
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