Latham & Watkins has advised the Book Running Lead Managers, JM Financial Limited, Citigroup Global Markets India Private Limited, and BofA Securities India Limited, on the US$365 million initial public offering (IPO) of Tata Technologies, a leading global engineering services company, on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE).
The IPO comprises an offer for sale of up to 60,850,278 Equity Shares for cash, including up to 46,275,000 Equity Shares by Tata Motors Limited, up to 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd, and up to 4,858,425 Equity Shares by Tata Capital Growth Fund I.
The Latham team was led by Singapore partner Rajiv Gupta, with associates Esha Goel and Isabel Yu. Advice was also provided on UK law matters by London partner James Inness, with associates Koushik Prasad and Phoebe Richardson; on UK tax matters by London partner Karl Mah, with associate Aoife McCabe; on UK employment matters by London partner Sarah Gadd; on US tax matters by Chicago partner Enrique Rene de Vera, with associate Christopher Ohlgart; and on Singapore law matters by Singapore partner Farhana Sharmeen.
About Tata Technologies
Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers. The primary business includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them conceive, design, develop, and deliver enhanced products.
About Latham’s India Practice
With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi-award winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.