BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
Tata Motors Ltd. announced that private equity firm TPG Group would be investing Rs 7,500 crore in its new wholly owned electric vehicle subsidiary.
In the new structure the company will be having two subsidiaries-
Tata Motors passenger vehicle (PVCo) – 100% holdings, and
Tata Motors electric vehicle (EVCo) – with 85-89% holdings and the balance 11-15% will be held by TPG group at an equity valuation of $9.1 billion.
In exchange the company will issue compulsory convertible preference shares, which will be converted into ordinary equity shares in EVCo on the basis of achieving the revenue threshold.
Tata Motors intend to have a differentiated focus for its commercial vehicle and passenger vehicle segments to help each realise their potential and unlock the business and operational flexibility.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR