Tata Technologies IPO may be launched on July 11, this possibility is being expressed
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Let us tell you that SEBI has approved Tata Technologies IPO this week. According to a report, Tata Technologies is trading at a premium of Rs 76 in the gray market. There is a boom in GMP.
Please tell that this IPO of Tata Technologies will be of the nature of offer for sale. Tata Motors is going to sell its 20 percent stake through this IPO. The total stake of Tata Motors in Tata Technologies was 74.69 per cent.
When TCS IPO came, Ratan Tata ( Ratan Tata) was the chairman of the Tata group. This is about 18 years old. This will be the first IPO of the Tata group after N Chandrasekaran became the chairman of Tata Sons in 2017.
Please tell that Tata Technologies is a subsidiary company of Tata Motors. Tata Motors holds 74 per cent stake in Tata Technologies. The revenue of Tata Technologies in the financial year 2021-22 was Rs 3529.6 crore. During this period, the operative profit was Rs 645.6 crore and the profit after tax (PAT) was Rs 437 crore. On Friday, Tata Motors Share (TATA Motors Share) closed at 441.60 with a gain of 2.51 percent on the Bombay Stock Exchange (BSE).
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