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Tata Motors stock jumped 13% in morning trading

Tiger Newspress2021-10-12

Tata Motors stock jumped 13% in morning trading as Tata Motors raised close to $1 billion from TPG, ADQ for EV business.

Indian automaker Tata Motors has raised 75 billion rupees ($994 million) from private equity firm TPG's Rise Climate Fund and Abu Dhabi's ADQ to expand its passenger electric mobility business, the company said on Tuesday.

Tata will form a separate electric mobility unit in which TPG and ADQ will get between 11% and 15% share against compulsorily convertible shares, valuing the new entity at about $9.1 billion, the company said in a statement.

The funds will be used to invest in electric vehicles, dedicated BEV platforms, charging infrastructure and battery technologies, Tata Motors said.

The automaker has plans to launch 10 new EVs by 2025 as well as invest in setting up charging infrastructure across the country.

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评论32

  • CCCH
    ·2021-10-13
    👍
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  • MHh
    ·2021-10-13
    Wah surge and surge 
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  • MHh
    ·2021-10-13
    Wah surge and surge
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  • PEPESZ
    ·2021-10-13
    Wow!
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    收起
    • 7d918508
      Ok
      2021-10-13
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  • seojun
    ·2021-10-13
    Oh wow
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  • tkltkl
    ·2021-10-13
    Getting heat
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  • Jaccvc78
    ·2021-10-13
    Nice[微笑] [微笑] [微笑] 
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  • Tenten
    ·2021-10-13
    Great!
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  • Haya虎
    ·2021-10-13
    Impressive surge 
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    收起
    • Tenten
      Wow
      2021-10-13
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    • seojun
      nice
      2021-10-13
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  • Suba
    ·2021-10-13
    Nice
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    收起
    • Suba
      Cool
      2021-10-13
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    • seojun
      yeah
      2021-10-13
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  • bwkhoo
    ·2021-10-13
    Tata… means good bye or good buy
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  • Hsc
    ·2021-10-13
    Cool
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  • Louis7779
    ·2021-10-13
    wow 
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  • MHh
    ·2021-10-12
    [Smile] 
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  • SanWangtikup
    ·2021-10-12
    Ok
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  • CynthiaGho
    ·2021-10-12
    Like pls
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  • PYX
    ·2021-10-12
    Like 
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    收起
    • PYX
      K
      2021-10-12
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  • wsjihan
    ·2021-10-12
    Big mover
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  • geraldwwx
    ·2021-10-12
    Scared me I thought it’s Tesla motors for a sec
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    收起
    • YSF1953
      Ok
      2021-10-12
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    • FlareSpark
      Another copy cat
      2021-10-12
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  • Blurtadpole
    ·2021-10-12
    Wow
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