General Announcement::Partial Divestment of shares held by TML in TTL a subsidiary of TML through IPO

Issuer & Securities

Issuer/ Manager
TATA MOTORS LIMITED
Securities
TATA MOTORUS$300M5.875%N250520 - XS2079668609 - FGLB
TATA MOTORUS$500M4.625%N200430 - XS1121907676 - 19RB
TATA MOTORUS$250M5.75%N241030 - XS1121908211 - 19SB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Dec-2022 22:32:27
Status
New
Announcement Sub Title
Partial Divestment of shares held by TML in TTL a subsidiary of TML through IPO
Announcement Reference
SG221212OTHRCTIW
Submitted By (Co./ Ind. Name)
Tata Motors
Designation
Senior Manager
Effective Date and Time of the event
12/12/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
We wish to inform you that the IPO Committee [duly constituted by the Board of Directors of Tata Motors Limited (the Company )], at its meeting held today, i.e., on December 12, 2022 has accorded its in-principle approval to explore the possibility of partial divestment of the Company s investment in Tata Technologies Limited [ TTL ], a subsidiary of the Company, through an IPO route at an opportune time, subject to market conditions, applicable approvals, regulatory clearances (including observations from the Securities and Exchange Board of India) and certain other considerations.

The Company will make further announcements of all material developments relating to IPO, as and when
required, as per SEBI LODR Regulations and other applicable laws.

This is for the information of the Exchanges and the members.

Attachments

NSEBSELETTER - 12.12.2022.pdf
Total size =2398K