India’s Tata Applied sciences is in talks with Morgan Stanley Funding Administration, Blackrock and a few US hedge funds to put money into its preliminary public providing at a valuation of $2.5 billion, reported Reuters citing sources with direct information.
A part of conglomerate Tata Group, offers engineering providers for corporations within the auto and aerospace sectors amongst others. Its IPO would be the first in 20 years for a Tata Group firm, which has many listed companies together with within the auto and metal sectors.
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Up to date: 09 Nov 2023, 03:59 PM IST
Supply: Live Mint