Tata Technology IPO received 69.43 times subscription, with the quota reserved for qualified institutional buyers (QIBs) getting booked a record 203.41 times.
The IPO, which witnessed a remarkable subscription rate of nearly 70 times, awaits finalisation of the basis of allotment by November 28. While raising over Rs. 3045 crore, it's crucial to note that this was through an offer-for-sale, with no capital infusion for the company.
During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with a current investment of Rs 250 crore and future investment of Rs 1,600 crore.
Detroit, Jan 12: India's Tata Technologies unveiled the prototype for a $20 000 dollar electric car that can carry up to four passengers in Detroit Wednesday as it set out to challenge more costly rivals."The
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