08 January 2024
The Tata Group has begun talks to list Tata Autocomp Systems (TACO), the group’s auto components manufacturing business, with the formal process expected to begin later this year, people aware of the discussions told Moneycontrol requesting anonymity. According to the persons cited above, the discussions are at an early stage and talks are currently focused on Tata Group entities that will divest their stakes in the company and also the overall quantum of stake which will be divested in the IPO.
The Tata Group has begun talks to list Tata Autocomp Systems (TACO), the group’s auto components manufacturing business, with the formal process expected to begin later this year, people aware of the discussions told Moneycontrol requesting anonymity. According to the persons cited above, the discussions are at an early stage and talks are currently focused on Tata Group entities that will divest their stakes in the company and also the overall quantum of stake which will be divested in the IPO.
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