Tata Technologies IPO: Tata Motors Subsidiary Files Draft Paper With SEBI

Tata Technologies, a unit of Tata Motors, filed for an initial public offering (IPO) on Thursday, according to draft papers filed with the market regulator Securities and Exchange Board of India (Sebi). Pune-based Tata Technologies' IPO consists of an offer for sale up to 95.71 million shares, representing up to 23.60 per cent of its paid-up share capital.