{"id":557732,"date":"2023-02-23T10:55:44","date_gmt":"2023-02-23T05:25:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557732"},"modified":"2023-02-23T10:55:44","modified_gmt":"2023-02-23T05:25:44","slug":"tata-motors-lines-up-suitors-for-stake-in-ev-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-motors-lines-up-suitors-for-stake-in-ev-business\/","title":{"rendered":"Tata Motors lines up suitors for stake in EV business"},"content":{"rendered":"<p>Tata Motors has begun discussions with sovereign wealth funds and private equity investors such as UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, Saudi Arabia-headquartered Public Investment Fund (PIF), Singapore&#8217;s Temasek Holdings as well as KKR and General Atlantic to sell a significant minority stake in its EV division, said several people aware of the ongoing negotiations.<\/p>\n<p>According to these people, Tata Motors plans to raise up to $1 billion through the equity sale and will use the bulk of proceeds to retire a part of its outstanding debt.<\/p>\n<p>EV arm last valued at $9.1 billion<br \/>\nA small portion of the funds will be infused as primary equity in the EV business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Motors has begun discussions with sovereign wealth funds and private equity investors such as UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, Saudi Arabia-headquartered Public Investment Fund (PIF), Singapore&#8217;s Temasek Holdings as well as KKR and General Atlantic to sell a significant minority stake in its EV division, said several people aware of the ongoing negotiations. According to these people, Tata Motors plans to raise up to $1 billion through the equity sale and will use the bulk of proceeds to retire a part of its outstanding debt. EV arm last valued at $9.1 billion A small [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-557732","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=557732"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557732\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}