Tata Tech IPO: Tata Motors to take home Rs 2,300 crore against Rs 34 crore investment

November 22, 2023

Following the Tata Tech IPO, Tata Motors’ stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.

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