{"id":111979,"date":"2023-10-16T17:50:07","date_gmt":"2023-10-16T12:20:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111979"},"modified":"2023-10-16T17:50:12","modified_gmt":"2023-10-16T12:20:12","slug":"tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo\/","title":{"rendered":"Tata Motors sold 9.9% stake in one of its subsidiary companies which is due for an IPO"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3621972966\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the company opened flat in the Monday trading session as it has entered into a share purchase agreement in one of its subsidiary company for an aggregate consideration of INR 1,613.17 cr.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-114766929\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of 2,21,648 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATAMOTORS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Motors<\/a><\/strong> started there Monday trading at 667 and currently trading at 668. The company&#8217;s scripts witnessed an intra-day flat opening, indicating a gain of around 0.25 % as compared to its previous close.<\/p><p>Flat opening was observed after the&nbsp; company regulator filing with the exchange, informing entering into a share purchase agreement to sell 9.9% stake in its subsidiary company Tata Technologies for an aggregate consideration of INR 1,613.17 cr.&nbsp;<\/p><p>According to the filing the company will receive an amount of 1,467 crore&nbsp; as a consideration for sale of its 9.0% stake in Tata Technologies Ltd to TPG Rise Climate SF Pte Ltd and an amount of 146.7 crore will be received by the company as consideration for sale of its 0.9% stake from Ratan Tata Endowment Foundation.&nbsp;&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3780822988\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Tata Technologies is founded as a business unit of Tata Motors.In coming days Tata Motors have decided to&nbsp; come up with the IPO of its subsidiary after 19 years. Promoters have a holding of 76.7% and non promoters have 23.3% of&nbsp; stake in pre IPO. After the launch of the IPO promoters will be liquidating around&nbsp; 20% of their stake.&nbsp;<\/p><p>With the business presence within and outside India, Tata Technologies Ltd is associated with product engineering it provides services in engineering and design,product lifecycle management , manufacturing, product development, and IT services management to automotive and aerospace original equipment manufacturers and also provide service for industry machinery companies.\u00a0\u00a0\u00a0\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3915204032\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the company opened flat in the Monday trading session as it has entered into a share purchase agreement in one of its subsidiary company for an aggregate consideration of INR 1,613.17 cr. With a market capitalization of 2,21,648 crores, Tata Motors started there Monday trading at 667 and currently trading at 668. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,6696,8277],"class_list":["post-111979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-motors-latest-news","tag-tata-motors-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Motors sold 9.9% stake in one of its subsidiary companies which is due for an IPO - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the company opened flat in the Monday trading session as it has entered into a share purchase agreement in one of its subsidiary company for an aggregate consideration of INR 1,613.17 cr.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Motors sold 9.9% stake in one of its subsidiary companies which is due for an IPO\" \/>\n<meta property=\"og:description\" content=\"The shares of the company opened flat in the Monday trading session as it has entered into a share purchase agreement in one of its subsidiary company for an aggregate consideration of INR 1,613.17 cr.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-16T12:20:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-16T12:20:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/tata-logo-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tata-motors-sold-9-9-stake-in-one-of-its-subsidiary-companies-which-is-due-for-an-ipo\/\",\"name\":\"Tata Motors sold 9.9% stake in one of its subsidiary companies which is due for an IPO - 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