Beaking News
Viva ACP Appoints Superstar Anil Kapoor as Brand Ambassador, Marking a New Era in Cladding Innovation
Archana Ashish Patil won the title of Mrs. Fitness Freak in the prestigious Mrs. India Asia 2024 pageant
Preity Zinta’s Cannes First Look In Sparkling White Gown Is Breathtaking | People News
Today’s IPL Match: SRH vs RR – who’ll win Hyderabad vs Rajasthan playoff on May 24? Fantasy team, pitch report, more
‘Singham Again’ Kashmir Schedule Wrapped, Rohit Shetty Shares Pics Of Ajay Devgn From Sets | Movies News

Tata Technologies sets IPO price band at ₹475-500 per share

Business


Reuters | | Posted by Singh Rahul Sunilkumar

India’s Tata Technologies on Thursday set a price band of 475 rupees to 500 rupees per share for its initial public offering (IPO), according to a newspaper advertisement.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.

The IPO, which is a first from the Tata Group in nearly two decades, will have an offer for sale of up to 60.9 million shares from existing shareholders, including Tata Motors.

The offering will open for bids for anchor investors on Nov. 21, while retail investors can make offers between Nov. 22 to Nov. 24.

Reuters last week reported that Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some U.S. hedge funds to invest in its IPO at a valuation of $2.5 billion.

“Exciting news! Hindustan Times is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!” Click here!



Source link