Economy

Warburg Pincus bets $360 mn on Tata Technologies in biggest India deal

Warburg Pincus bets $360 mn on Tata Technologies in biggest India deal”

Tata Capital Growth Fund, one of five private equity funds managed by financial services firm Tata Capital Ltd, is selling its stake in a privately. Tower Research Capital LLC (trc) grew its stake by buying 18 shares an increase of 13.1% in the quarter. The stock was bought at an average price of $0.30 per share, with a total value of $90,000.00. Ltd acted as the sole financial adviser to Tata Motors and Tata Capital Investment Banking acted as the sole financial adviser to Tata Capital. About shares traded. Tata Motors Limited (ADR) (NYSE:TTM) has risen 21.13% since June 15, 2016 and is uptrending.

Tata Motors announced that that a Committee of the Board of the Company has on June 14, 2017 approved the partial divestment of the stake held by the Company in Tata Technologies, a subsidiary of the Company and definitive documents have been entered into in this regard. If you are accessing this article on another website, it was copied illegally and republished in violation of U.S. and global copyright and trademark laws.

Bank Of Nova Scotia augmented its position by buying 75,000 shares an increase of 37.5% as of 03/31/2017. Finally, Dimensional Fund Advisors LP raised its position in shares of Tata Motors Limited by 1.8% in the fourth quarter. The fund owned 7,271,482 shares of the company's stock after buying an additional 4,763,259 shares during the period. Capstone Asset Management Co. increased its stake in shares of Tata Motors by 2.6% in the first quarter.

More news: Rep. Steve Scalise in critical condition after surgery

The company is trading down from yesterday's close of $35.12. FMR LLC now owns 47,240 shares of the company's stock valued at $1,625,000 after buying an additional 6,700 shares in the last quarter. The original version of this report can be accessed at https://www.thestockobserver.com/2017/06/15/wellington-management-group-llp-boosts-position-in-tata-motors-limited-ttm-updated-updated.html. Several well-known firms like Canada Pension Plan Investment Board, GIC of Singapore and Temasek had shown interest in the company. ValuEngine lowered shares of Tata Motors Limited from a "buy" rating to a "hold" rating in a report on Saturday.

"Mr. Wagh will take charge of the new responsibilities with immediate effect and will closely work with Mr. Ravindra Pisharody for a smooth transition", Tata Motors said in a statement. The company has an average rating of "Buy" and an average price target of $44.50.

Recently, Mr. Wagh was moved from the passenger vehicles business of the company to the commercial vehicles division as head of product line MHCV (Medium & Heavy Commercial Vehicles). This includes $77 million in Kalyan Jewellers India Ltd and about $120 million in multiplex chain PVR Ltd this year and $200 million in logistics companies Rivigo Services Pvt.



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