Tata Tech IPO: Check likely price band, issue date, company financials, more
The price band of Tata Technologies' public issue is expected to be between Rs 550 and 650 per share
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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.
India's 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...