Tata Autocomp Systems IPO

Tata Autocomp Systems ipoAuto parts manufacturer Tata Autocomp Systems has submitted for an IPO of stocks including a whole new issue to increase around Rs 7.5 billion it mentioned on Friday.

Shareholders such as Tata Sons, Tata Motors, Tata Capital and Tata Industries Ltd will together sell nearly 35.63 million stocks in the firm, based on its drhp.

The company, part of the diversified Tata-conglomerate, has selected JP Morgan India private Limited, JM Financial Consultants private Limited and Tata Capital Markets Limited as managers to the sale.

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