Tata Group Set to Make IPO History with First Offering in Nearly Two Decades In a historic move, the Tata Group is preparing to launch its first initial public offering (IPO) in nearly two decades. The offering includes a portion reserved for employees, constituting up to 0.5 percent of the post-offer paid-up equity share capital.
Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I are poised to offload a substantial 9.57 crore equity shares as part of this landmark IPO. This pivotal moment signifies a significant development for the Tata Group, one of India’s most renowned and diversified business conglomerates.
As the Tata Group takes this bold step into the IPO arena, it marks a notable event in the financial landscape, garnering attention from investors and industry observers alike. Stay tuned for more details as this historic offering unfolds.
Last Updated on: Wednesday, October 4, 2023 7:52 am by Anu Priya | Published by: Anu Priya on Wednesday, October 4, 2023 7:52 am | News Categories: News, Business, Economy, GENERAL
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