Skip to main content

MoneyWorks4Me

Tata Motors informs about disclosure

29 Nov 2023 Evaluate

Pursuant to Regulation 30 of the SEBI LODR Regulations and further to its intimation vide letters bearing sc nos. 17057, 17287, 17914 and 17935 dated December 12, 2022, March 9, 2023, November 13, 2023 and November 25, 2023, respectively, in relation to the IPO of Tata Technologies, Tata Motors has informed that the Company has been informed by Tata Technologies, that on November 28, 2023, it has approved transfer of 60,850,278 Equity Shares to various investors who successfully subscribed in the IPO, of which 46,275,000 Equity Shares were offered for sale by the Company, 9,716,853 Equity Shares were offered for sale by Alpha TC Holdings and 4,858,425 Equity Shares were offered for sale by Tata Capital Growth Fund I. As a result of the above, the Company’s shareholding in Tata Technologies stands reduced from 64.79% to 53.39% (i.e., from 262,844,816 to 216,569,816 Equity Shares), of the issued and paid-up Equity Share capital of Tata Technologies. The disclosure as required under Schedule III Part A Para A.1 of the SEBI LODR Regulations read with SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached as Annexure A.

The above information is a part of company’s filings submitted to BSE.