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,...
India's Tata Technologies to Acquire Defense Suppliers
Over the next four years, Tata Technologies, part of India's $116 billion Tata Group, plans to acquire a number of secondary and tertiary defense suppliers as part of a corporate plan to grow revenues from $500 million today to around $1 billion by 2020, reports Defense News. Tata Technologies CEO Warren Harris said...