PTI
Tata Technologies, which provides engineering and product development digital services, on Tuesday said it has collected Rs 791 crore from anchor investors ahead of its initial share-sale opening on the following day.
This will be the first company from the Tata Group to float an Initial Public Offering (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.
The company has allotted 1.58 crore equity shares to 67 funds at Rs 500 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website.
