Tata group has initiated the process to list Tata Technologies Limited through an initial public offering (IPO). Tata Motors Limited (BSE:500570) subsidiary is working with two advisors and is in the process of appointing another, to help it raise INR 35 billion – INR 40 billion, valuing it at INR 162 billion – INR 200 billion ($2-2.5 billion), multiple people aware of the initiative told ET. In December 2022, the Tata Motors board approved a partial divestment of its stake in Tata Tech through a public float.

The parent had said in an exchange filing that the IPO would come “at an opportune time, subject to market conditions, applicable approvals, regulatory clearances," but hadn't provided schedule details.