Page 23 - Tata Tech News Today

Tata Technologies Ltd, the first Tata Group company to go public in nearly two decades, is targeting a valuation of as much as $2.44 billion ......

Tata Technologies IPO is the one of the biggest buzzing at Dalal Street. As the Tata Group is gearing up for an initial stake sale after almost two decades, its first issue after TCS.

Commerce and industry minister Piyush Goyal met senior executives from American tech giants such as Micron, YouTube and Tesla to outline opportunities in India during his four-day US tour.

"I am really bullish on India given the way digital has pervaded the society here. Given that it is a price-sensitive market, India has the potential to establish something that it relevant to the world, so there can be a lot of exports from India, particularly in the EV space, given their competitive advantage."

“If you are already holding QSR stocka, then these are not the levels to sell because we have seen decent corrections also in them. From a longer-term perspective, I am pretty certain that the QSR companies can deliver exceptional returns going ahead and you could perhaps buy at every decline, rather than just chasing these stocks at this point of time. ”

The price band of Tata Technologies public issue is expected to be between Rs 550 and 650 per share

ASK Automotive traded with volume of 2.17 crore equity shares on the NSE and 14.35 lakh shares on the BSE.

Tata Technologies IPO is structured as an Offer for Sale (OFS), where existing shareholders plan to sell up to 9.57 crore equity shares. This is about 23.60 per cent of the company's total paid-up share capital.

Tata Technologies has reserved a 10% quota for Tata Motors eligible shareholders. Under the OFS, parent Tata Motors will sell 4.62 crore shares, Alpha TC Holdings will offload 97.1 lakh shares and Tata Capital Growth Fund will give up 48 lakh shares.

Indias Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some U.S hedge funds to invest in its initial public offering at a valuation of $2.5 billion, two sources...