US' Warburg Pincus to buy 43% stake in Tata Tech for â¹2300cr
Tata Motors and two other group entities will sell 43% stake in Tata Technologies to private equity firm Warburg Pincus' affiliate for $360 million (â¹2,300 crore). Tata group firms will retain a 43% stake in Tata Technologies, and the remaining 14% will be owned by its employees. The move comes as Tata Motors seeks to raise funds to reduce debt.