your password has been reset successfully, Please login again.

Tata Technologies dilute its 43% Equity stake to Warburg Pincus

Private Equity Firm Warburg Pincus in process to buy 43% stake of Tata Technologies for $360 million.
BY BEx Bureau
BusinessEx
Jun 16, 2017

Private Equity firm Warburg Pincusplans to endow $360 million in Tata Technologies Ltd with an aim to acquire an estimated equity stake of 43%.

Warburg Pincus plans to get hands on 30% stake from Tata motors and its subsidiary Sheba Properties Limited, as well as 13% stake held by Tata Capital. After the deal is done, the minority stake will still be kept by Tata Motors and other Tata group firms in Tata Technologies. The leftover of 14% stake will be owned by employees of Tat Technologies, company statement said.

Warburg Pincus past investments in India are majorly in PVR Ltd, Bharti Airtel and Kalyan Jewellers. But this is the biggest deal for the PE firm in India till date.

Tata Motors Group CFO C Ramakrishnan said that The partial disinvestment is part of Tata Motors plan to strategically monetise part of the value created while also inducting valuable partners, together with whom the company can excel in its next phase of growth.

This transaction represents a tremendous endorsement of what we have achieved so far, said Tata Technologies managing director and chief executive Warren Harris, Livemint reported.

Please add your Comment
SIMILAR News
April 12, 2018
New Delhi-based startup Chariot has raised Rs.2 crore funding from GEMS Partners. ...More
By Ritu Marya
April 10, 2018
Yumlane's parent company QwikPik secures Rs.26 crore funding from RB Investments and its existing in ...More
By Ritu Marya
April 05, 2018
Digital lending startup Namaste Credit secures $3.8 million funding from Nexus Venture Partners. ...More
By Ritu Marya
April 03, 2018
Ride-hailing company Ola buys public transport ticketing app Ridlr. ...More
By Ritu Marya
April 03, 2018
MoveInSync secures $8 million funding in Series B round led by Nexus Venture Partners. ...More
By Ritu Marya
March 31, 2018
Nandan Nilekani and Sanjeev Aggarwal venture capital fund Fundamentum secures $20 million funding fr ...More
By Ritu Marya
March 30, 2018
Google makes its second direct investment in Mumbai-based fashion e-commerce platform Fynd. ...More
By Ritu Marya
March 28, 2018
Delhi-based workforce management startup Roadcast secures $250,000 in an angel funding round. ...More
By Ritu Marya
March 28, 2018
Micro-lending platform SmartCoin raises $2 million funding in Pre-Series A round led by multiple inv ...More
By Akshay Arora
March 27, 2018
DriveU raises $3 million funding in Pre-Series A round led by multiple investors. ...More
By Akshay Arora
March 27, 2018
Cash Suvidha secures $1 million in Pre-Series A round from Initia Holdings, others. ...More
By Akshay Arora
March 07, 2018
Agri-tech startup Gramophone raises $1 million funding in pre-Series A round led by Info Edge. ...More
By Akshay Arora