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Tata Technologies IPO: The country’s giant Tata Group (TATA Group) is preparing to bring its IPO after a gap of 18 years. Tata Motors has approved the disinvestment of its stake in its subsidiary Tata Technologies. Earlier in the year 2004, Tata’s TCS entered the stock market. Since then, no company of Tata Group has launched its IPO in the stock market. Giving information about this IPO, Tata Motors said that he will make his IPO related information available in the market soon.
Know what is the stake of Tata Motors in Tata Technologies?
According to a 2022 report, Tata Motors has a major stake in Tata Technologies IPO. Tata Motors owns about 74 per cent. Tata Technologies will be expanded with the amount raised by the company through this IPO, but so far the company has not decided how big the size of this IPO will be. The size of the IPO will depend on the market conditions and SEBI’s mandate.
How many Tata companies are listed in the market?
Let us tell you that till now a total of 29 enterprises of Tata Group are listed in the market. The total market value of this company is 314 billion dollars i.e. 23.4 trillion. Tata Group Chairman N Chandrasekaran took over his charge in the year 2017. This will be the company’s first IPO after taking over his post. Earlier, the company had also tried to bring an IPO of Autocomp Systems, but later canceled the plan for this IPO. Apart from this, the company is also trying to bring the IPO of Tata Sky. For this the company is continuously working.
When can Tata Technologies IPO come?
According to media reports, Tata Group can bring its IPO in the first quarter of the financial year 2023-24 i.e. between April and June. The company can sell its 10 percent stake in Tata Technologies through its IPO. Has started working for this and may soon go to the market regulator for the IPO. It is worth noting that Tata Technologies works in areas like aerospace, auto, industrial heavy machinery. Its business is spread in many countries of the world. The operating profit of this company has been 645.6 crores and the net profit has been about 437 crores. A total increase of up to 47 percent has been registered in its revenue. The company employs a total of 9,300 employees.
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