Tata Motors to raise Rs 1,600 cr for 30% stake in Tata Technologies

Warburg Pincus to also pick 13% from Tata Capital for Rs 703 cr

The country's biggest automobile maker by revenue, Tata Motors will get about Rs 1,600 crore from the sale of its 30 per cent stake in IT company Tata Technologies to global private equity firm Warburg Pincus. The vehicle maker, which will be left with a 43 per cent stake, said the move is a part of plan to 'strategically monetise' part of the value created. Warburg Pincus will also acquire another 13 per cent stake in the same firm for Rs 703 crore from Tata Capital. The deal values the company at about Rs 5,300 crore. 

"Tata Technologies has developed