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Tata Motors, India sells 9.9% stake in Tata Technologies for INR 16.14 billion

On October 13, Tata Motors Limited (TML) entered into share purchase agreements with certain investors for sale of 9.9% stake in Tata Technologies Limited (TTL) for an aggregate consideration of INR 16.14 billion. TPG Rise Climate is the lead investor for this transaction, which ascribes an equity valuation of USD 2.....

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