Tata Capital, the financial services arm of the Tata Group, is launching India’s biggest initial public offering of the year, aiming to raise up to $1.7 billion. The offering includes up to 475.8 million shares — both new and existing, priced approximately $3.72 to $3.91 per share. Key stakeholders participating...
Warburg Pincus to Invest in India's Tata Technologies
New York-based private equity firm Warburg Pincus will invest $360 million in Tata Technologies for a 43 percent stake, of which 30 percent will be acquired from Tata Motors, the parent company, and 13 percent from Tata Capital. Tata Technologies provides outsourced design, research and development services to the automotive, aerospace,...