Tata Technologies, a Tata Motors subsidiary, filed an addendum to its IPO plan with SEBI, offering 9.57 crore shares with a face value of Rs 2 each. The IPO is highly anticipated, with Tata Motors, Alpha TC, and Tata Capital Growth Fund I also selling shares. JM Financials, Citi, and BoFA Securities are facilitating the IPO. Proceeds from the offer for sale go to selling shareholders, and the shares will be listed on BSE and NSE. Reserved quotas are available for employees and Tata Motors shareholders. Tata Motors shares closed at Rs.614.40, down 0.98% on Wednesday at NSE. Additionally, Tata Technologies settled a SEBI case with a Rs 25 lakh payment for alleged disclosure and investor protection guideline violations.
Tata Technologies files addendum to DRHP for IPO