Capital markets regulator SEBI (Securities and Exchange Board of India) has granted approval for the IPO of Tata Technologies, a subsidiary of Tata Motors.
This development marks the first public issue from the Tata group since Tata Consultancy Services (TCS) in July 2004. Tata Technologies, SBFC Finance, and Gandhar Oil Refinery are set to list their shares on the BSE and NSE.