Friday, 24 March, 2023

Tatas to Sell its Stake in Tata Tech

<p>The $128 billion Tata Group intends to sell shares of Tata Technologies through an Initial Public Offering. Through TCS in 2004, the group last made a splash on the primary market. Tata Motors announced in a stock exchange filing that it will investigate the possibility of partially selling its stake in Tata Technologies via an IPO. On $474 million in revenue during the fiscal year 2022, Tata Technologies generated an operating profit of $87 million.</p>