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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.
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