The much-awaited preliminary public provide (IPO) of Tata Applied sciences will open for public subscription on November 22 and shut on November 24.
This IPO is totally a suggestion on the market of as much as 6.08 crore fairness shares for money, which has been lowered from 9.57 crore shares earlier.
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The worth band for the difficulty shall be introduced quickly. Beneath the OFS, mother or father Tata Motors will promote 4.62 crore shares, Alpha TC Holdings will offload 97.1 lakh shares and Tata Capital Progress Fund will surrender 48 lakh shares.
The corporate had filed its IPO papers with Sebi in March this 12 months and acquired approval from the regulator in June. Within the difficulty, Tata Applied sciences has reserved a 10% quota for Tata Motors’ eligible shareholders.
MORE TO COME…
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