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Warburg Pincus to acquire 43% stake in Tata Technologies for $360 mn

Tata Technologies is a subsidiary of Tata Motors

Press Trust of India  |  New Delhi 

Warburg Pincus to acquire 43% stake in Tata Technologies for $360 mn

Leading private equity firm will acquire a 43 per cent stake in Singapore- based for $360 million (around Rs 2,320 crore).

An affiliate of will acquire around 30 per cent from Tata Motors and its subsidiary as well as Tata Capital's entire 13 per cent stake, Tata Motors said in a regulatory filing.


is a subsidiary of Tata Motors.

Following the transaction, Tata Motors and its affiliates will continue to hold a minority interest of 43 per cent in with the remaining ownership being held by management team and other shareholders.

is a global engineering services and product development IT company which employs more than 8,500 people in 23 countries.

"The partial disinvestment is part of Tata Motors' plan to strategically monetise part of the value created while also inducting valuable partners, together with whom the company can excel in its next phase of growth," Tata Motors Group CFO C Ramakrishnan said.

India Managing Director and Co Head, Vishal Mahadevia said, the company is looking forward to back management team at and leveraging Warburg Pincus' global network to help grow the business.

"This investment is testament to our achievements to date and more importantly of our great potential moving forward," CEO and MD Warren Harris said.

provides services for advanced engineering, R&D, and connected IT solutions.

First Published: Thu, June 15 2017. 19:13 IST
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