Tata Group IPO and the ever-rising Indian business Behemoth

Tata Group intends to add one more company to its army of exchange-listed firms, which now stands at 17. With the initial public offering (IPO) of Tata Technologies on cards, the behemoth will add one more to this list.

On December 12, Tata Motors’ board of directors granted in-principle approval to investigate the prospect of a partial divestiture in its subsidiary Tata Technologies through an IPO route at a later date.

According to SEBI requirements, the business will make additional announcements of all important events relating to the IPO as and when needed. Warren Harris, MD & CEO of Tata Technologies, is a global product engineering and digital services organisation. It concentrates on four core industries: automotive, aerospace, industrial machinery, and industrials.

No other Tata business has made its debut on the domestic bourses since TCS in 2004. According to Tata Motor’s 2022 annual report, it owns 74.43% of Tata Technologies.

Tata
credit: businessinsider

Tata Motors cancelled a $360 million proposal to sell a 43% share in Tata Technologies to private equity firm Warburg Pincus in 2018, citing delays in obtaining regulatory permissions.

Because Tata Motors will sell its stock in the IPO, the revenues will assist the struggling automaker in recouping its losses. The company posted a net loss of 945 crore for the quarter July-September 2022, its seventh consecutive quarter of financial loss.

Jaguar Land Rover, a part of Tata Motors, has been suffering from semiconductor shortages, which have hampered its performance during the last five to six quarters. The company has reduced its FY23 projection due to a delay in the recovery of its British subsidiary JLR due to ongoing chip shortages.

Also Read:

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Tata Motors

Tata Motors Stock Crashes 13% as Trump Tariffs Force...

In a dramatic turn of events that has sent shockwaves through the Indian automotive sector, Tata Motors...

Ratan Tata’s Millennial Manager Shantanu Naidu: A Heartfelt Journey...

Ratan Tata’s Millennial Manager Shantanu Naidu! Imagine a young boy gazing out of his window, waiting for his...

Spinaroo Commercial IPO: Navigating Your Investment Journey

The Indian initial public offering (IPO) market continues to buzz with excitement as Spinaroo Commercial prepares for...

Identixweb IPO: A Tech Revolution Unfolds on the Stock...

Are you ready to witness a groundbreaking moment in the world of technology and finance? The Identixweb...
2025 Tata Altroz Facelift Spotted Again – New Design, More Features & Tech!

2025 Tata Altroz Facelift Spotted Again – New Design,...

Tata Motors is gearing up to launch the first-ever facelift for its premium hatchback, the Altroz. With...

LATEST NEWS

UEFA Champions League 2024-25: Bayern Munich vs Inter – Preview, Prediction and Where to Watch the Match LIVE?

We turn our attention to Tuesday’s UEFA Champions League quarter-final first leg at the Allianz Arena with our Bayern Munich vs Inter preview and...

ISL 2024-25: Apuia’s Screamer Seals ISL Final Berth for Mohun Bagan Super Giant

In a night that will be etched into Mohun Bagan Super Giant’s rich legacy, Lalengmawia Ralte, famously known as Apuia, delivered a thunderbolt in...

IPL 2025: RCB Break 10-Year Wankhede Jinx as Kohli, Patidar and Krunal Steal the Show

In what has become a year of jinx-breaking feats, Royal Challengers Bengaluru (RCB) secured a historic win over Mumbai Indians (MI) at the Wankhede...

Top 5 Celebrity-Approved Lightweight Sarees That Will Keep You Stylish in Summer Heat

The sweltering summer months often create a styling dilemma for fashion enthusiasts who love traditional Indian wear but dread the thought of heavy fabrics...

Featured