Core Software Systems News Today

The Fintech sector's turmoil, Mishthi Aggarwal's rebellion, the effects of low voter turnout in Lok Sabha elections, and Karthik Reddy's investment strategies are some of the stories that piqued the interest of our readers this week

Tata Motors sold 9.9% stake for Rs 1,1613 crore in a pre-IPO deal last month. After selling 4.63 crore shares, Tata Motors’ stake in Tata Tech will go down from 64.79% to 53.39%.

FE Tata Motors stands to make 68 times return on the investment it made in its subsidiary Tata Technologies in the mid-1990s making it one of its most profitable bets. The Mumbai-based automotive giant is set to raise a little under `2,300 crore at the upper end of the price band in the initial public…

Following the Tata Tech IPO, Tata Motors stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.

It was a mixed bag for Prosus in India. While its losses in Swiggy, a major portfolio company, spiked, there was a silver lining in terms of gross merchandise value (GMV) growth for the food and grocery delivery company. This and more in todays ETtech Top 5.