The Tata group’s first initial public offering (IPO) since 2004 is set to open for subscription from November 22 to November 24. Tata Technologies, a Tata Motors subsidiary, is offering up to 60,850,278 equity shares in the IPO, marking a significant move for the group. Tata Motors will offload 11.41%, Alpha TC Holdings Pte. Ltd 2.4%, and Tata Capital Growth Fund I 1.20%. The IPO, the first after TCS in 2004, includes a 10% reservation for individual traders and Hindu Undivided families. The proceeds will go to the selling shareholders, and Tata Technologies will not receive any funds from the offer.
Tata Group Announces First IPO Since 2004 with Tata Technologies
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2023/11/15083012/SBTS_T.jpg)