AutomobilesPre-market
Promoter sells stake as Tenneco India eyes ₹3,000 crore IPO
pre-market1 source ↓written by the desknot a recommendation
- in Tenneco Clean
- 2.75% equity stake
- Air India
- ₹440 crore
- the company
- ₹16,023 crore
- completed
- 30 October
- ahead
- 82.69%
Tenneco Mauritius Holdings has offloaded a 2.75% equity stake in Tenneco Clean Air India for ₹440 crore, valuing the company at ₹16,023 crore. This sale, completed on 30 October, reduces the promoter's stake to 82.69% ahead of its ₹3,000 crore IPO scheduled for November 2025.
The transaction attracted notable institutional investors, indicating strong market confidence. This move may enhance liquidity and investor interest in the upcoming IPO.
Not investment advice. For informational purposes only.