Tata Technologies in talks with US hedge funds ahead of IPO worth USD 2.5 billion

Tata Technologies is reportedly in talks with Morgan Stanley Investment Management, Blackrock and a few US hedge funds to invest in its forthcoming initial public offering (IPO) at a valuation of $2.5 billion.

According to a Reuters report, apart from Morgan Stanley and Blackrock, the company is in touch with US asset managers Ghisallo Capital, Oaktree Capital and Key Square Capital to invest in the IPO.

If successful, the investment from these overseas entities may come in its anchor book where shares are allotted to institutional investors before the issue opens to retail and other investors such as high net worth individuals.