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%

Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.