Tata Motors Requests Sebi Approval for Sale of Stake in Engineering Unit via IPO.

Tata Technologies Ltd. has recently requested approval from the Securities and Exchange Board of India (SEBI) to carry out an initial public offering (IPO).

The IPO will consist of the sale of up to 95.7 million shares by the company’s parent firm, Tata Motors Ltd., and other investors.

Tata Motors, the parent company of Jaguar Land Rover, is planning an initial public offering (IPO) of its engineering unit.