Tata Tech sell 43% For $360 Million to Warburg


Warburg Pincus is an affiliated of private equity firm is about to buy 43% stake for $360 million and subsidiary are Sheba Properties Ltd., and another 13 % held by Tata Capital on Tata Technologies, Tata Motors said in a statement on Thursday.
Further added to statement that the Tata Motors and affiliates of Tata group own about 43% of Tata Technologies, and the company management team and other shareholder will own the remainder.

C.Ramakrishnan, finance chief of Tata Motors group release his statement the company can excel its next phase of growth with the partial divestment, is the part of Tata Motors plan to strategically monetize part of the value created while also including a valuable partners.
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