Tata Motors: Tata Motors stock is climbing steeply.. What is the reason? – Tata Motors share price jumps over one percent as the firm is going to sell stake in Tata Technologies

Tata Motors share price has soared to Rs 421 today. What is the reason for this sudden rise?

Tata Motors, owned by the Tata Group, has a stake in Tata Technologies Limited. In this context, Tata Motors has decided to sell its stake in Tata Technologies through an initial public offering (IPO).

Yesterday, Tata Motors informed the stock exchanges that it has decided to sell certain part of its shares in Tata Technologies through an IPO. The sale also requires approval from regulatory authorities.

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Tata Motors shares rose over 1% today following the release of this information. Tata Motors share price was Rs 414 at the close of trading yesterday. In this case, today it has increased to 421 rupees.

What will be the benefit for Tata Motors from selling shares in Tata Technologies? Tata Motors will get a lot of money by selling Tata Technologies shares. Tata Motors will use this money to pay off or reduce its debts.

Thus, the value of Tata Motors also increases. Therefore, experts say that Tata Motors stock is currently positive. Tata Motors stock hit a high of Rs 528 last January.