Varroc Engineering IPO opens; Tata Group to sell stake worth up to Rs 1,786-cr
Varroc Engineering, which supplies auto parts to Jaguar Land Rover, Bentley, Audi and Harley Davidson, has already raised Rs 584 crore from anchor investors including Canadian pension fund CDPQ and Smallcap World Fund Inc.
Varroc's IPO opened for public subscriptions today and will close on June 28. At the upper end of the price band, the public issue will fetch Rs 1,955 crore. Image source : Reuters