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TATA Tech IPO Detail – Strong Company to invest in the IPO – Complete Offer for sale (OFS) – Tata Technologies IPO Size – 95,708,984 Equity Share – IPO Subscription Date – Not yet announced – IPO Subscription Price – ₹- to ₹- per share – IPO Allotment date – Not Announced yet – Tata Tech Stock listing date – -, 2023
This initial public offering is completely Offer for Sale (OFS), hence the Company will not receive anything from the net proceeds.
The company will achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The company has 18 global delivery centers with 11,081 employees by December 2022.
The Company has eleven (11) subsidiaries.
Services segment that includes providing outsourced engineering services and digital transformation services to global manufacturing clients.
The technology Solutions segment primarily includes resell of third-party software applications, primarily product lifecycle management (“PLM”) software and solutions.
Tata Group, a well-recognized business group in India, is the parent group of Tata Technologies Limited.
Tata Motors spins off Tata Technology as separate company.
Well diversified global client base across the region
The services segment contributes 75.12% in FY2022 while the technology solution business contributes 24.88% .
Mr. Warren Kevin Harris is the Chief Executive Officer and Managing Director of the company.
Ajoyendra Mukherjee is the Chairman and Independent Director of the Company.
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