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Reputation: 642,713 • Nov 22, 2023 2:06 AM

Tata Technologies bags Rs 791 crore from anchor investors ahead of IPO launch

The Board in consultation with book-running lead managers JM Financial, Citigroup Global Markets and BofA Securities finalised allocation of 1.58 crore shares to anchor investors at Rs 500 apiece. Some of the marquee funds which participated in the anchor round include Fidelity, HSBC, Goldman Sachs, JM Financial MF, Kotak MF, Axis MF, Motilal Oswal, Edelweiss MF, Mirae Asset among others.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Tata Technologies raised about Rs 791 crore in the anchor round ahead of its IPO opening on Wednesday.
• The IPO is priced in the range of Rs 475-500 and is entirely an offer for sale.
• The company is a pure-play manufacturing focused engineering research and development company with strong capabilities in new age automotive trends.
https://economictimes.indiatimes.com/markets/ipos/fpos/ta...
#TATAMOTORS #JMFINANCIL 

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