Business Update25 Nov 2023, 05:47 pm
Tata Technologies Limited Finalizes IPO Offer Price at ₹500 per Equity Share
AI Summary
Tata Technologies Limited, a subsidiary of Tata Motors Limited, has finalized the offer price for its initial public offering (IPO) at ₹500 per equity share, aggregating to 30,425.14 million. The IPO includes an offer for sale of 46,275,000 equity shares by the company, 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd., and 4,858,425 equity shares by Tata Capital Growth Fund.,
Key Highlights
- Offer price finalized at ₹500 per equity share
- IPO size aggregates to 30,425.14 million
- Offer includes sale of 46,275,000 equity shares by the company
- IPO is subject to finalization of basis of allotment