On November 22, Tata Technologies will make a public offering available for purchase
On November 24, the bidding for the issuing of up to 60,850,278 equity shares will end. The successful 2004 debut of Tata Consultancy Services would be the first initial public offering (IPO) for the Tata Group.
On March 9, the business submitted its draft IPO documentation to Sebi.
On November 22, Tata Technologies Limited, a division of Tata Motors Limited, intends to launch its public offering as an offer-for-sale (OFS). After TCS went public in 2004, this will be the Tata Group's first initial public offering.
On November 24, the bidding for the issuing of up to 60,850,278 equity shares will end. According to the company's exchange filing on November 13, the OFS will consist of up to 46,275,000 equity shares held by the company, up to 9,716,853 held by Alpha TC Holdings Pte Ltd, and up to 4,858,425 held by Tata Capital Growth Fund I. These amounts correspond to up to 11.41 percent, 2.40 percent, and 1.20 percent, respectively, of Tata Technologies, Inc Limited's paid-up equity share capital.
The Securities and Exchange Board of India (Sebi) received the company's draft initial public offering (IPO) documents on March 9.
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