4 insights to kick-start your day, featuring Tata’s EV biz stake sale

Billion dollar sale This just happened. Tata Motors to raise a billion dollars through stake sale, as per reports. Hidden in plain sight. Tata Motors could be raising a billion dollars for the second time in two years from selling stake in its subsidiary that makes electric passenger vehicles, as per media reports. The business was valued at up to USD9.1 billion in October 2021. This round could value the company around 15% higher in dollar