The IPO launch of Tata Technologies has provided a boost to Tata Motors, which is backed by Jhunjhunwala, so consider taking a short position in the stock.

DelhiDesk Tata Technologies, a company of Tata Group, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its IPO after 18 years. Existing shareholders, including Tata Motors Alpha TC Holdings and Tata Capital Growth Fund-I, can sell up to 9.571 crore shares. This news has increased the pace of shares of Tata Motors, and the price of the stock of Rekha Jhunjhunwala, a well-known investor, has seen a rise of 25%. Tata Motors will reduce its stake through this IPO, and it is believed that the rise in the shares of Tata Motors can be seen even further.

Follow DelhiBreakings on Google News

Here is the news bullets sorted by DelhiBreakings.com team.

👉 Tata Technologies, a company of Tata Group, files DRHP with SEBI for IPO after 18 years.
👉 Existing shareholders, including Tata Motors Alpha TC Holdings and Tata Capital Growth Fund-I, can sell up to 9.571 crore shares.
👉 The news has increased the speed of shares of Tata Motors.
👉 Total stake of Tata Motors in Tata Technologies was only 74.69 percent.
👉 The pace of shares of Tata Motors has gained momentum since the company approached SEBI for the IPO.
👉 The price of Tata Motors stock has seen a rise of 25 percent.
👉 IPO offer of Tata Technologies is in the nature of a fall sale.
👉 Existing investors will reduce their stake in exchange for new shares.
👉 Tata Motors has decided to reduce its stake through this IPO.
👉 The rise in the shares of Tata Motors can be seen even further.

For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com