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Tata Motors sells 9.9% stake in Tata Technologies Ltd at INR 16,300Cr equity valuation
Tata Motors Limited (TML) has entered into share purchase agreements to sell 9.9% stake in Tata Technologies Ltd (TTL) for an aggregate consideration of INR 1,613.7 crore. TPG Rise Climate is the lead investor for this transaction, which ascribes an equity valuation of INR 16,300 Cr (~US$ 2.0 billion) for TTL. TTL, a subsidiary of TML, is a leading global engineering services company offering product development and digital soluti...
