India's Tata Technologies is in discussions to raise capital for its initial public offering at a valuation of $2.5 billion with Morgan Stanley Investment Management, Blackrock, and a few US hedge funds. The organisation, which is a part of the conglomerate Tata Group, offers engineering services to businesses, including those in the aerospace and automotive industries. An automaker and steel company among the several listed businesses in the Tata Group, this will be the company's first initial public offering (IPO) in twenty years.

Tata Technologies is in discussions with Blackrock, Morgan Stanley, and U.S. asset managers Ghisallo Capital, Oaktree Capital, and Key Square Capital on potential involvement in the deal ahead of its anticipated $350-375 million initial public offering (IPO). These funds have their eye on Tata's "anchor book," which is where prominent institutional investors receive shares before retail and other investors can subscribe. 

Tata Technologies is in talks to potentially participate in a $350-375 million initial public offering (IPO) alongside Blackrock, Morgan Stanley, and U.S. asset managers Ghisallo Capital, Oaktree Capital, and Key Square Capital.

These funds have their sights set on Tata's "anchor book," which is a reserved allocation of shares to prominent institutional investors prior to the general subscription opening for retail and other investors. "Big investors are quite excited by the Tata brand, anda profitable company with scale that's driving demand," the initial source stated.