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Dec 31 2010 04:55 PM
Tata Autocomp Systems files draft papers with Sebi for IPO

Auto components maker Tata Autocomp Systems today, 31 December 2010 reportedly filed a draft red herring prospectus (DRHP) with the stock market regulator Securities & Exchange Board of India (Sebi) to raise up to Rs 750 crore through an initial public offering (IPO).

The issue will also include the sale of up to 3.56 crore shares by its shareholders, including Tata Motors, Tata Industries, Tata Sons andTata Capital.

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