Ratan Tata Endowment Foundation and TPG Rise Climate SF Pte. Ltd. agreed to acquire 9.9% stake in Tata Technologies Limited from Tata Motors Limited (BSE:500570) for INR16 billion on October 13, 2023. This transaction furthers TML?s de-leveraging agenda and is expected to close in the next two weeks on completion of customary closing procedures.

Transaction to be completed by October 27, 2023 or such other date as may be mutually extended by the parties.