• The Floor Price is 37.80 times and the Cap Price is 39.70 times the face value (₹ 10 per share) of the Equity Shares.
• Bid / Offer will open on Wednesday, November 12, 2025, and close on Friday, November 14, 2025 (“Bid Dates”).
• The Anchor Investor Bidding Date shall be Tuesday, November 11, 2025.
• Bids can be made for a minimum of 37Equity Shares and in multiples of 37Equity Shares thereafter. (“No. of Bids”)
• RHP Link: http://jmfl.com/Common/getFile/5370

INDIA: Tenneco Clean Air India Limited (The “Company”) shall open the Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, November 12, 2025.

The Price Band of the Offer has been fixed at ₹ 378 to ₹ 397 per Equity Share. (“Price Band”).

Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.  (“Minimum Bid Lot”)

The initial public offer of Equity Shares of face value  ₹ 10 per share (“Total Offer Size”) comprises an Offer for Sale aggregating up to ₹ 36,000 million (₹ 3,600 crore) by Tenneco Mauritius Holdings Limited (“Promoter Selling Shareholder”).

The Anchor Investor Bidding Date shall be Tuesday, November 11, 2025.  The Bid/Offer shall open on Wednesday, November 12, 2025, and close on Friday, November 14, 2025.

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges, being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited “NSE”, and together with the BSE, the “Stock Exchanges”. For the Offer, NSE is the Designated Stock Exchange.

JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and HSBC Securities and Capital Markets (India) Private Limited are the book running lead managers to the Offer (“BRLMs“).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by our Company, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Portion”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

Disclaimer:

Tenneco Clean Air India Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP dated November 05, 202,5, with the RoC. The RHP is available on the website of the Company at www.tennecoindia.com, SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e., JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and HSBC Securities and Capital Markets (India) Private Limited at www.jmfl.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.axiscapital.co.in and www.business.hsbc.co.in, respectively and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risks, please see the section titled “Risk Factors” on page 59 of the RHP. Potential investors should not rely on the DRHP for making any investment decision.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) in the United States only to “qualified institutional buyers”, as defined in Rule 144A under the U.S. Securities Act, in transactions exempt from the registration requirements of the U.S. Securities Act and (ii) outside the United States in “offshore transactions” as defined in, and in reliance on Regulation S under the U.S. Securities Act and in accordance with the applicable laws of the jurisdictions where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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MUMBAI: Shri. Suresh Menon: A Distinguished Regulator with Three Decades of Service to India’s Securities Market. Shri. Menon is a stalwart in India’s financial regulatory landscape who recently marked the culmination of a distinguished 30-year career with the Securities and Exchange Board of India (SEBI), retiring in June 2022 as Chief General Manager.

Over three decades at SEBI, Shri. Menon rose through the ranks — from Manager to Chief General Manager — contributing across core operational departments, including Secondary Market Regulation, Market Intermediary Supervision, Investigations, and Regional Administration.

As a pioneering figure in the early regulation of India’s securities market, Shri. Menon played a pivotal role in the registration and supervision of the initial cadre of stockbrokers and stock exchanges. His team conducted crucial inspections of major exchanges, including BSE, Madras Stock Exchange, Cochin Stock Exchange, and others, laying the foundation for today’s modern, demutualized markets. His leadership extended to major policy initiatives and enforcement actions. As head of SEBI’s Investigation Department, He led inquiries into high-profile cases of market manipulation, insider trading, front running, and violations of PFUTP, LODR, and corporate governance norms.

During his five-year tenure as Regional Director of SEBI’s Southern Regional Office in Chennai, Shri. Menon oversaw the entire spectrum of securities regulation in the southern states. He also served for seven years as a Quasi-Judicial Officer, passing over 500 orders on critical regulatory matters, reinforcing SEBI’s mandate for transparency and investor protection.

In another key role, he also led the Market Intermediary Supervision and Policy Department, framing policies and overseeing the regulation of stockbrokers, depository participants, merchant bankers, credit rating agencies, and debenture trustees. His contribution to the clearance of over 500 IPO prospectuses highlights his role in capital market development. Shri. Suresh Menon’s career is a testament to integrity, regulatory foresight, and unwavering commitment to the development and stability of India’s financial markets.

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GOA: Molbio Diagnostics, a pioneer in global healthcare based in Goa, is proud to announce the appointment of two new Independent Directors to its board, Professor (Dr.) Balram Bhargava and Dr. Arun Kumar Jha. These appointments come as the company continues to strengthen its Leadership and make significant strides in healthcare accessibility with its innovative solutions that cater to the remotest regions globally.

Professor (Dr.) Balram Bhargava is a leader in the public health sector with over 35 years of experience in medical research and health system strengthening. His previous roles include Director-General of the Indian Council of Medical Research and Secretary of India’s Department of Health Research, being at the forefront of managing several public health crises in India. Dr. Bhargava’s ongoing work in pandemic preparedness and health policy has been instrumental in promoting affordable healthcare innovations. His leadership at the National Academy of Sciences and numerous other institutions showcases his commitment to enhancing health outcomes worldwide.

“I am honored to join the board of Molbio Diagnostics, a company that is at the forefront of diagnostic innovation and global health impact. The opportunity to contribute to Molbio’s mission aligns perfectly with my lifelong commitment to enhancing health through affordable and accessible healthcare solutions. I look forward to bringing my experience in medical research and health policy to further Molbio’s efforts in revolutionizing point-of-care diagnostics and advancing global healthcare standards,” said Professor (Dr.) Bhargava.

Dr. Arun Kumar Jha brings a wealth of experience in public health and policy, including his role as an Adviser in the Department of Economic Affairs, Ministry of Finance, and as an Economic Adviser in the Department of Health & Family Welfare, Ministry of Health & Family Welfare. He is currently working as the Hon’ble Chancellor of the National Institute of Advanced Manufacturing Technology (NIAMT) and Senior Adviser in John Snow India Pvt. Ltd. With his active involvement with the Government of India in schemes and programs that focus on tuberculosis elimination in the country, Dr. Jha has recently signed up an assignment with the Stop TB Partnership and United Nations Office for Project Services (UNOPS), positioning him as an invaluable asset in advancing Molbio’s mission to support global health initiatives.

“Joining Molbio Diagnostics as an Independent Director is a significant step in my continued advocacy for public health and policy reform. With Molbio’s innovative Truenat® platform, I see a tremendous potential to bridge healthcare gaps and improve disease management worldwide,” Dr. Jha expressed his enthusiasm. “Looking forward to being part of this transformative journey and supporting Molbio’s strategic vision in making a lasting impact on global health, particularly in underserved regions

“These appointments reflect Molbio Diagnostics’ commitment to bringing on board leaders who are at the forefront of healthcare innovation and public health policy,” said Sriram Natarajan, Director and CEO of Molbio Diagnostics. “Dr. Jha and Dr. Bhargava’s impressive backgrounds and shared dedication to improving healthcare access aligns perfectly with our vision of transforming global health landscapes.”

Molbio Diagnostics remains dedicated to its mission of enhancing healthcare accessibility through innovative diagnostics solutions. The inclusion of Dr. Jha and Dr. Bhargava on the board is expected to further strengthen the company’s impact on global health.

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The program started with a welcome from the Program chair Rajendar Dichpally who serves as the Director of Gandhian Society and Founder of the Zakir Hussain Foundation in the USA. “Efforts like this will help the Indian American Community and also strengthen the bond between the two largest democracies,” said Dichpally.

In his welcome remarks, Program Co-chair Santosh Peddi, who serves as the President of the Parsippany Rotary International said that Rotary was happy to co-sponsor the event as part of its social/community outreach. Children follow the singing of American and Indian national anthems.

The Library Director Melissa Kuzma said she was happy to host the India Initiative event at the library as this reflects the diverse attributes of the library. She was happy to receive so many books of different genres and said they reflect the rich and diverse culture of India. She also said that the library would host an event to celebrate Diwali in late October.

Welcoming everyone to Parsippany, Mayor Jamie Barberio said that Parsippany was home to many Indian Americans, and he was proud that many of them have contributed to making Parsippany a better town. Mayor Barberio, who is of Italian origin, also said that he always felt Indian Americans and Italian Americans have similar attributes and was happy to see that the India Initiative in Parsippany Library was seeing so much good response.

GOPIO International Chairman Dr. Thomas Abraham who initiated and coordinated this effort from GOPIO told the audience that Indian Americans have done extremely well professionally, politically, and financially and that the community should do more for the larger society. In this regard, GOPIO chapters in the New York area have successfully launched the India Collection of books at the public libraries in Norwalk and Stamford in Connecticut, Edison, New Jersey, and Queens and Long Island in New York State.

“We found that these books are very valuable resources for the larger society to know about India and Indian culture, its democracy, political leaders and social reformers, economy, and India’s relations with countries around the world,” said Dr. Abraham.

Dr. Abraham thanked the Parsippany Library for launching the India Collection of Books. The inauguration was done with the traditional lighting of the lamp by the dignitaries, GOPIO officials, and co-sponsoring organizations.

The books were provided by the Indian Consulate and GOPIO further supplemented books collected from our community who are downsizing. These included new books and old classics which are not available anywhere else now. Several language-based classics were presented by those who were in traditional dress.

Consul Pragya Singh, who is Head of Visa and Passport renewals at the Indian Consulate, and also Consul for Community Affairs said that India was a very diverse and plural country and the consulate was happy to assist and work with local Indian Organizations in strengthening the bond between India and USA with the help of initiatives like this where the consulate donated diverse and useful books for the benefit of the Indian community and the American society.

Upendra Chivukula (Former Assembly Speaker of New Jersey) was happy to see so many Indian Americans turn out for this India Initiative event and also hoped to see the community take an active part in local politics so that this will help the community to have its voice heard in decision making.

Former Andhra Pradesh and Telangana minister from India Ponnala Lakshmaiah who was also a former Resident of Parsippany said that he was happy to take part in the event in his former hometown and said life has come a full circle for him as he had started working at the age of 6 in a library to fund his education and today his autobiography along with other valuable books he donated were being put in the Parsippany library. He thanked the organizers and wished success to the India initiative.

After the ceremony, some classic books in Hindi and half a dozen regional languages were presented by community representatives in their traditional dress. After describing the book and reading a passage from the book, these books were presented to the Library’s Head of Information Services Nicholas Jackson. These books will be cataloged and will be available soon from the library.

A cultural program followed with music and dances from India put together by Mrs. Manju Bhargava, President of the New Jersey Telegu Association. The dancers were Indian American high school and college students.

The program continued with a networking reception. Since the ceremony and cultural program were brief, people had ample to time to meet and greet each other.

“This was one of the best library launches of India Collection of Books with wider Indian community participation,’ remarked Dr. Abraham.

Parsippany Library India Collection of Books Launch group with Library and GOPIO officials, guests, organizers, and Performers

GOPIO is collecting old Indian classic books and contemporary books in all Indian languages from the community to donate to other libraries. Those who want to donate may contact GOPIO at 203-329-8010 or send an e-mail to gopio@optonline.net

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The Naperville Public Library Board of Trustees is a governing board of community volunteers, appointed by the Mayor of the City of Naperville with the approval of the Naperville City Council. The Board is made up of nine Trustees who can each serve up to two consecutive three-year terms. The Board’s responsibilities include overseeing the Library’s budget and policies.

Naperville Public Library has been named the No. 1 Public Library in the U.S. in the 100,000 250,000 population category for the last 10 years and has been a beacon of pride to the entire community.

Naperville Public Library has also been named a 2022 five-star library by Library Journal, an award the library has earned 14 times since its inception in 2009. In addition, the library was ranked number one in the country in its expenditure range ($10-$29.9 million) for the year. Dec 19, 2022

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GURUGRAM: In a move to combat various issues affecting the citizens of Gurugram, including drug abuse, women’s safety, and cybersecurity, Gurugram Police has joined forces with Dailyhunt, India’s #1 local language content discovery platform, Josh, India’s fastest-growing and most engaged short-video app and OneIndia, India’s number one Digital vernacular portal.  The two-year partnership will harness the extensive reach of these platforms to disseminate vital information and foster community engagement. 

In a partnership signing ceremony organized at the Gurugram Police Headquarters, Shri Deepak Gehlawat, DCP of Gurugram Police, exchanged the MOU with Ravanan N, Executive Director of Eterno Infotech, in the presence of Shri Vikas Arora, Commissioner of Gurugram Police.

On Dailyhunt, Gurugram Police will create a dedicated profile to publish various content formats, including videos, share cards, and listicles, to engage a diverse audience, particularly the youth. OneIndia will complement these efforts by featuring articles, infographics, and videos across multiple regional languages, ensuring widespread impact and reach. Meanwhile, Josh will amplify the initiatives of Gurugram Police via engaging short videos across Bharat.

This collaborative initiative aims to eradicate drug abuse and enhance women’s safety in Gurugram. It will also showcase the efforts of police officers on active duty to create a sense of familiarity and community engagement with the police force.

Ravanan N, Executive Director, Eterno Infotech said “We are dedicated to empowering citizens and elevating public safety standards, and look forward to collaborating with Gurugram police to tackle pressing issues in the city. This partnership is a commitment to fostering community engagement, sharing credible information, and bridging the gap between law enforcement and the people they serve. We strive to shape a future where every citizen feels secure, every voice is heard, and every community is empowered to proactively contribute to a safer Gurugram.”

Shri Deepak Gehlawat, DCP, of Gurugram Police said“This partnership with Dailyhunt, OneIndia, and Josh marks a significant milestone for Gurugram Police in bridging the gap between law enforcement and the citizens. By leveraging these powerful digital platforms, we aim to tackle pressing issues such as drug abuse, women’s safety, and cyber security. Our goal is to not only disseminate critical information but also to foster a stronger, more transparent connection between the police and the people we serve. This initiative is a step forward in building a more informed, vigilant, and interconnected Gurugram community.”

The collaboration between Gurugram Police, Dailyhunt, and OneIndia symbolizes a united commitment to empower citizens and reinforce public safety, addressing pressing social concerns with innovative communication strategies.

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The festival was organized by Sahil Deo and was supported by the Parimal and Pramod Chaudhari Foundation. The first edition of the festival received a warm response from the students and entrepreneurs. Ajit Rande, VC, Gokhale Institute, Indranil Chitale, Siddharth Desai, and Rugwed Deshpande were present for the concluding ceremony.

In his speech, Puri said, “The cumulative spent on urban space by the central government was about 1,57,000 Cr between 2004 and 2014. After 2014, we realized the challenges in urbanization and we saw an opportunity in it.  Thus, the current government has increased it by 11 times and today we are spending about 18 Lac Cr for this purpose. This expenditure was necessary because 65% of India’s GDP comes from the urban population. Now, we do have a trade-off. Simplistically putting it, Can we make one choice between growth or being environmentally conscious? The answer is we have to do both. This is why the Prime Minister declared the entire year as the Global Housing Technology Challenge Year.

“Under this initiative, we invited all universities and companies to come to India to demonstrate green technologies. Out of these, we shortlisted 53 technologies which became the operating Bible. From these 6 more technologies were shortlisted for 6 lighthouse projects, that is  6 projects of 1000 residential units each in one year using the most green technology. 4 Cr houses are being made under the Pradhan Mantri Awas Yojana of which 1.9 Cr are in urban spaces“

“Buildings and transport cause pollution. Today we have a position where over 60 million people go to Petrol Pumps to fill up fuel. India’s rate of growth in fuel demand is 3 times more than the global average. In the next 20 years,  25% of the increase in global demand is going to come from India. So to deal with this situation we are addressing the trilemma of availability, affordability, and sustainability. Our ENP (Exploration and Production) is increasing. We have a 3.5 million square kilometer sedimentary basin. We opened up 1 million sedimentary basins which were no-go areas. We opened it up to exploration. Now we have gone from production sharing to revenue sharing contracts with oil exploration companies. We have also gone to the extent of incentivizing the finance for exploration. Currently, 87% of fuels are imported of which roughly 45% is crude and 45 % is natural gas“, Puri informed.

He appraised the gathering about the positive sentiment at the recent summit held at Davos where the world is looking at the growth potential of India. He said that there is a lot of buzz about the Global Biodule Alliance about the scaling up of the Sustainable Aviation Fuel since the European Governments are going to make it compulsory. Three years before we were discussing about 1 car could be an electric one in 25 cars. Today we are talking about 1 car as electric in 5 cars. So, the world is changing to alternate fuel. Now, we have achieved 12% ethanol blending from a mere 1.4 % in 2014. The target now is 20% by 2025. This blending not only saved an import bill of 41000 Cr but also helped us to pay the farmers over 42000 Cr from the production of ethanol. Second-generation biofuels are now being made from agricultural waste so the issue of food security gets answered effectively.

The minister informed that the Government is looking at 1% blending in Sustainable Aviation Fuel by 2027, 3% by 2028, and 5% by 2029. This will lead to more need and production of ethanol. The requirement even at 1% blending will be 14 thousand Cr liters of biofuel. According to him, Green Hydrogen Fuel can be a success in India. He concluded by saying as per the report of a foreign agency urban spaces in India are increasing at a rapid rate and thus we see a huge construction activity happening in the country. So, the country will take energy and urbanization with a focus on finding a sustainable cost-efficient way.

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She delivered a keynote address on ‘Catalysing Impactful Governance Though Evidence-Based Policy Making’ and touched upon aspects that affect the economy like pension schemes, extended maternity leave, skilling, and employment. After her keynote address Dr Ajit Ranade, VC, Gokhale Institute of Politics and Economics interacted with her on certain topics. Indranil Chitale presented the opening remarks and briefed the gathering about the thought behind organizing PPPF.

“While considering the cost of any welfare scheme apart from the actual accounting cost, its economic cost should also be considered. MNREGA is a good scheme and its usefulness came to light again during the pandemic. Though welfare schemes are meant for the benefit of poor people at large, we must check if we are in a position to afford them. A big chunk of the Government’s budget goes into taking up the interest cost and for making salaries and pension payments. Reforms brought in the pension scheme in 2003 made some funds available for developmental work. So, going back to the old pension scheme as demanded by some sections and backed by some political parties is not feasible“, said Shamika Ravi.

“Extension of the paid maternity leave has some positive side. However, the fact is that it has lowered the percentage of women in the workforce. As a result of this policy, SMEs are preferring to employ more male employees. Though every state has a policy, the progress made by each state is different and the factor of Governance plays a key role there. There was a time when Punjab’s GDP was the highest which declined due to heavy deindustrialization. Thus, questions like how the new jobs will come in the future need to be answered, she added. 

Shamika Ravi stated that while facing the government job psychology we must understand that the private sector has a huge potential to create new jobs. The current findings indicate that unemployment is higher in the highly educated section of youngsters as compared to the ones that are not so highly educated. This is primarily because of the gap between the skills required by the industry and the perception of the right job amongst the highly educated youth. In India, unemployment is as high as 34.8% among the youth who possess graduate and above degrees. She advised the students of economics to study the open source data and use it in research.

After the inaugural session a panel discussion on Reimagining Urban Transformation – The Trade-off between Environment and Development. PCMC Municipal Commissioner Shekhar Singh, PWC India’s partner Shardul Phadnavis, Greater Mumbai’s Additional Municipal Commissioner Ashwini Bhide, Bandu Dhotre, and Ambika Vishwanath participated in this panel discussion.

Photo caption – Dr Ajit Ranade, VC Gokhale Institute interacted with Shamika Ravi during the inaugural session of the Pune Public Policy Festival at Gokhale Institute.

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The IPO comprises an offer for sale of up to 46,275,000 equity shares by Tata Motors Limited, up to 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd., and up to 4,858,425 equity shares by Tata Capital Growth Fund I. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

The anchor investor bidding date is set for November 21, 2023, one working day prior to the bid/offer opening date. The company’s equity shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any other applicable law of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risk, please see the section entitled ‘Risk Factors’ on page 34 of the red herring prospectus (RHP). The RHP is available on the website of the Securities and Exchange Board of India (SEBI), the websites of the stock exchanges, and the website of the company.

In compliance with applicable laws, bids may not be made by persons in any jurisdiction outside India. The IPO is not an offer of securities for sale in the United States, and there will be no public offering of these securities in the United States.

Tata Technologies Limited is a global engineering and product development digital services company. The company’s IPO is subject to the receipt of requisite approvals, market conditions, and other considerations. Potential investors are advised to carefully review the RHP and consult with their financial advisors before making any investment decisions.

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The company plans to use the net proceeds from the fresh issue to augment its Tier-I capital base and meet future capital requirements arising from the growth of its business and assets. A portion of the proceeds will also be used towards meeting offer expenses. The equity shares offered through this IPO are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.

The offer is being made through the book-building process, with not more than 50% of the offer available for allocation on a proportionate basis to qualified institutional buyers (QIBs). The company and the selling shareholders may, in consultation with the book-running lead managers, allocate up to 60% of the QIB portion to anchor investors on a discretionary basis. The offer also includes a reservation aggregating up to INR 10 crore for subscription by eligible employees.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited, and JM Financial Limited are the book-running lead managers to the issue.

Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risk, please see the section entitled “Risk Factors” in the Red Herring Prospectus. The equity shares offered in the offer have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States, except under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities law

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