ALPHA TC HOLDINGS
Tata Tech sees block deal worth Rs 1,200 crore, stock up 4%
Tata Technologies shares surged 4.5% to Rs 1,054 on BSE after a block deal worth Rs 1,218 crore, representing 2.9% of equity took place. About 1.2 crore shares were traded at Rs 1,019.8 each, according to reports.
Tata Technologies offer price finalised at Rs 500 per share
"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing
Tata Technologies offer price finalised at Rs 500 per share
"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing.
Tata Technologies bags Rs 791 crore from anchor investors ahead of IPO launch
The Board in consultation with book-running lead managers JM Financial, Citigroup Global Markets and BofA Securities finalised allocation of 1.58 crore shares to anchor investors at Rs 500 apiece. Some of the marquee funds which participated in the anchor round include Fidelity, HSBC, Goldman Sachs, JM Financial MF, Kotak MF, Axis MF, Motilal Oswal, Edelweiss MF, Mirae Asset among others.
Tata Technologies IPO: What grey market signals ahead of the issue launch
Tata Tech IPO is entirely an offer for sale (OFS) of 6.08 crore shares, under which, Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund will offload their stakes. The IPO is priced in the range of Rs 475-500, where investors can bid for a minimum of 30 shares in one lot
Tata Tech IPO opens for subscription under pre-apply mode. Check GMP, other details
Tata Technologies is a leading global engineering services company offering product development and digital solutions to global original equipment manufacturers (OEMs). The company services include concept design, tear-down and benchmarking, vehicle architecture, body and chassis engineering, electrical and electronics systems, and diagnostics. It has a workforce of over 11,000 employees spread across 18 global delivery centres.
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Tata Tech IPO effect! Tata Investment Corporation shares rally 37% in 2 days
Shares of Tata Investment Corporation (TIC) have been on a winning run in the calendar year 2023 with the counter having doubled investors’ money on a year-to-date basis. The recent surge in the stock follows a value-unlocking exercise by Tata Motors in its subsidiary Tata Technologies through a Rs 3,000-crore IPO which opens on November 22.
Tata Tech IPO: GMP soars 70% for first Tata Group issue in 20 years
The issue opens for public subscription on November 22 and will close on November 24. This will be the first IPO by any Tata Group company in the last 20 years
Tata Tech IPO: Price band, other details announced
The issue size has been reduced from an earlier 9.57 crore shares to 6.08 crore equity shares now. The company had filed its IPO papers with Sebi in March this year and received approval from the regulator in June. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.
Tata Tech IPO to open on Nov 22, nearly 20 years after TCS listing
Other details, including pricing of the nearly 61-million share issue at the Tata Motors-owned unit, will be announced closer to the IPO date.
Tata Technologies IPO: 10 things to know ahead of issue opening on November 22
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.
Ahead of IPO, Tata Motors to sell 9.9% stake in Tata Technologies for Rs 1,614 crore
TPG Rise Climate will pick up about 9% stake in the transaction, which valued Tata Technologies at Rs 16,300 crore
Tata Technologies IPO: 10% issue reserved for Tata Motors shareholders
The issue, which is an offer for sale (OFS) will see the promoter company and two investors offloading a combined 95,708,984 equity shares. Tata Motors will offer up to 81,133,706 equity shares which is 20% of the pre-offer paid-up equity share capital of Tata Technologies.
Tata Technologies IPO: When to expect and what its unlisted price is indicating?
Tata Technologies, a unit of Tata Motors, is expected to list its IPO in five to six months. In the unlisted market, shares are trading at around Rs 850. Analysts expect the stock to list at a premium and currently predict a bump of between 20% and 30%.
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
Tata Motors said to plan IPO for its arm Tata Tech
Tata Sky, another Tata Group company, is also planning to launch its IPO to provide an exit to investors, including Disney. The satellite television business has yet to file its draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India.
Investors in Star Health Insurance Company look to exit venture
At least two global and two local investment banks have made pitches to PE investors for a mandate to sell the company, two people with direct knowledge of the development said.
Apis, ICICI Venture buy 15% stake in Star Health
Star Health is a joint venture among ICICI Venture, Sequoia Capital, Tata Capital Growth Fund, Alpha TC Holdings and Oman Insurance Company. After this round, ICICI Ventures will own about 20% of the insurer.
Apis Partner, ICICI Ventures buys minority stake in Star Health Insurance
The Chennai based standalone health insurance company had hired MAPE Advisory Group to find a buyer for small stake.
Finance Ministry intervenes in hostile bid for Tide Water Oil; asks LIC, United India Insurance to skip open offer
Critics slammed the government’s move by calling it unwarranted and saying it is being done to prevent privatisation.
Tide Water Oil climbs for fifth session amid open offer
As of Tuesday, Standard Greases and Specialities and Janus collectively held 2,17,234 fully paid-up equity shares of Tide Water Oil.
Star Health looks to raise Rs 400 crore for funding expansion plans
Star Health is a joint venture between ICICI Venture, Sequoia Capital, Tata Capital Growth Fund, Alpha TC Holdings and Oman Insurance Company.
Canada fund, GIC eye Tata Technologies stake
CPPIB and Singapore's sovereign wealth fund GIC are serious candidates to buy a significant minority stake in Tata Technologies.
Tata Technologies to hire 400 people by March 2012
Embarking on an expansion plan, Tata Technologies will hire 400 people by March, 2012 which will take its headcount to over 5,000.
Tata Tech sells 13% stake for Rs 141 cr to Alpha TC, TCGF
Tata Technologies said it has raised about Rs 141 crore by selling 13.04 per cent equity stake to Alpha TC Holdings and Tata Capital Growth Fund (TCGF)I.
Tata Tech to get Rs 141.06 crore equity funding
Tata Technologies, a global leader in engineering services outsourcing and product development IT, today announced it has completed a round of equity funding for Rs 141.06 crore.
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