<p>Automaker Tata Motors Ltd said on Monday it was exploring the sale of a portion of its stake in Tata Technologies through an initial public offering (IPO).</p>.<p>The proposed IPO could be among Tata Group's first in years, with direct broadcast satellite service provider Tata Play also set to file offer documents with the market regulator soon.</p>.<p>Tata Technologies, a product engineering and digital services company, was founded in 1989 as a unit of Tata Motors. The automaker held a 74.43 per cent stake in the company as of March 31, the latest annual report showed.</p>.<p>Tata Motors in 2018 called off a deal to sell an about 43 per cent stake in Tata Technologies to private equity firm Warburg Pincus for $360 million, citing delays in securing regulatory approvals and performance not meeting thresholds.</p>.<p>The 2022 fiscal annual report showed increased sales at Tata Technologies drove a 46 per cent jump in Tata Motors' revenue from other operations.</p>.<p>The Tata conglomerate had 29 publicly listed companies with a combined market capitalisation of $314 billion as of end 2021.</p>
<p>Automaker Tata Motors Ltd said on Monday it was exploring the sale of a portion of its stake in Tata Technologies through an initial public offering (IPO).</p>.<p>The proposed IPO could be among Tata Group's first in years, with direct broadcast satellite service provider Tata Play also set to file offer documents with the market regulator soon.</p>.<p>Tata Technologies, a product engineering and digital services company, was founded in 1989 as a unit of Tata Motors. The automaker held a 74.43 per cent stake in the company as of March 31, the latest annual report showed.</p>.<p>Tata Motors in 2018 called off a deal to sell an about 43 per cent stake in Tata Technologies to private equity firm Warburg Pincus for $360 million, citing delays in securing regulatory approvals and performance not meeting thresholds.</p>.<p>The 2022 fiscal annual report showed increased sales at Tata Technologies drove a 46 per cent jump in Tata Motors' revenue from other operations.</p>.<p>The Tata conglomerate had 29 publicly listed companies with a combined market capitalisation of $314 billion as of end 2021.</p>