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Tata Motors Receives Second Tranche of Investment Worth INR37.5 Billion From TPG Rise Climate

MT Newswires ·  02/01 11:34

10:32 PM EST, 01/31/2023 (MT Newswires) -- Tata Motors (NSE:TATAMOTORS, BOM:50057) raised the second and final tranche of investment worth 37.50 billion Indian rupees from TPG Rise Climate TopGun, according to a Tuesday release.

The automaker in October 2021 signed a deal with TPG Rise Climate, under which the private equity fund will invest 75 billion rupees into Tata Motors' passenger electric vehicle unit in exchange for compulsorily convertible preference shares.

Price (INR): ₹452.10, Change: ₹+8.45, Percent Change: +1.90%

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