I have 1 share tata motor following email received
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Subject: Initial public offering (“IPO”) of equity shares of face value of Rs. 2 each (“Equity Shares”) by Tata Technologies Limited, subsidiary of Tata Motors Limited (“TML”/the “Company”) - Reservation for Eligible TML Shareholders (as defined below)
Greetings from Tata Motors Limited!
Tata Technologies Limited, a subsidiary of the Company, was incorporated on August 22, 1994. Presently, the Company holds 64.79% of the total Equity Share capital of Tata Technologies Limited.
Tata Technologies Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an IPO of up to 60,850,278 Equity Shares through an Offer for Sale (“Offer”) for cash, comprising of offer for (a) up to 46,275,000 Equity Shares by the Company; (b) up to 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd.; and (c) up to 4,858,425 Equity Shares by Tata Capital Growth Fund I, each representing up to 11.41%, 2.40%, and 1.20%, respectively of the paid-up Equity Share Capital of Tata Technologies Limited and has filed the red herring prospectus (“RHP”) with the Registrar of Companies, Maharashtra at Pune on Monday, November 13, 2023.
The aforesaid IPO provides, inter alia, a reservation of up to 6,085,027 Equity Shares, i.e., up to 10% of the Offer, for subscription by eligible shareholders of TML, i.e., Individuals and HUFs who are the public equity shareholders (including shareholders holding Ordinary Shares and ‘A’ Ordinary Shares in TML and excluding such persons who are not eligible to invest in the Offer under applicable laws, rules, regulations and guidelines) as on the date of filing of the RHP, i.e., Monday, November 13, 2023 (“Eligible TML Shareholders”).
The Bid/Offer Opening Date is Wednesday, November 22, 2023 and the Bid/Offer Closing date is Friday, November 24, 2023.
The maximum Bid Amount under the aforesaid TML Shareholders Reservation Portion by an Eligible TML Shareholder shall not exceed Rs. 200,000 (Rupees Two Lakhs only). Further, Eligible TML Shareholders Bidding in the TML Shareholders Reservation Portion can also Bid in the Employee Reservation Portion and also in the Non-Institutional Bidder Portion or the Retail Individual Bidder Portion as mentioned in the RHP, and such Bids will not be treated as multiple Bids. For additional details, please refer “Offer Structure” on page 458 of RHP.
One can either make an application electronically or through the physical Bid-cum-Application Form. Copies of the Bid-cum-Application Form will be available with the Designated Intermediaries at the relevant Bidding Centres, and at the registered and corporate office of Tata Technologies Limited.
An electronic copy of the Bid-cum-Application Form will also be available for download on the website of BSE at https://ibbseforms.bseindia.com/ASBAFORMS/BlankForms_New.aspx?ipo=2465
Please refer to the RHP, for further details. Full copy of the RHP shall be available on the website of SEBI, the BRLMs and the Stock Exchanges.
This information is being communicated electronically via email, only to the Eligible TML Shareholders whose email IDs are registered with the Company, TSR Consultants Private Limited, Registrar and Transfer Agents (RTA) and the Depositories, viz., National Securities Depository Limited and Central Depository Services (India) Limited.
This communication is neither a solicitation to participate in the IPO, nor does it assure any allotment of shares (either partial or complete) against applications in the IPO. All investment decisions should only be made based on the information contained in the RHP.
Capitalized terms used in this e-mail but not defined herein shall, unless the context requires otherwise, have the respective meanings assigned to them in the RHP.
In case of any queries or questions, kindly reach out to the Company at inv_rel@tatamotors.com or its RTA at csg-unit@tcplindia.co.in.
Thanking you.
Yours faithfully
For Tata Motors Limited
Maloy Kumar Gupta
Company Secretary
ACS No. 24123
[Disclaimer: Tata Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares (“Equity Shares”) and has filed the red herring prospectus (“RHP”) with the Registrar of Companies, Maharashtra at Pune. The RHP is available on the website of the Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited, Citigroup Global Markets India Private Limited and BofA Securities India Limited at www.jmfl.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.html and https://business.bofa.com/bofasindia, respectively, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com, respectively. Potential investors should note that investment in Equity Shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” on page 34 of the RHP. Potential investors should not rely on the draft red herring prospectus filed with SEBI for making any investment decision. No communication and no information in respect of this transaction may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required (other than India). The issue, subscription for or purchase of Tata Technologies Limited’s Equity Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. Tata Technologies Limited assumes no responsibility for any violation of any such restrictions by any person. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction where it is unlawful to do so. This Announcement may not be published, forwarded or distributed, directly or indirectly, in the United States or in any other jurisdiction where it is unlawful to do so.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (a) to persons in the United States that are “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act (“Rule 144A”)) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act in reliance on Rule 144A and (b) outside the United States in “offshore transactions” (as defined in Regulation S) in reliance on Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering of the Equity Shares in the United States.]
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