Tata Technologies submits IPO papers with Sebi to raise capital via OFS

Currently, Tata Motors holds 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings which is a singapore-based investement firm managed by Tata Capital Advisors owns 8.96 per cent

The Tata Technologies has submitted papers with the market regulator Securities and Exchange Board of India (Sebi) to raise capital via an initial public offering (IPO). Existing shareholders and promoters will sell up to 95.71 million shares. It will be a pure offer for sale (OFS) arrangement.

Currently, Tata Motors holds a 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings, a Singapore-based investment firm managed by Tata Capital Advisors, owns 8.96 per cent. Additionally, Tata Capital Growth Fund manages a 4.48 per cent stake in the company.

Chief Executive Officer Warren Harris leads the company. It employs more than