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The company stated that as the case is presently on appeal, it is unclear what effect this legal dispute will have financially.
The move follows Warburg Pincus' complete exit from Computer Age Management Services Ltd (CAMS) earlier this week.
The said agreement will become effective from Q1FY25.
Banks recalled their loans when PCJ disclosed in an October 2018 stock exchange statement that it had defaulted on Rs 3,466 crore in this regard. SBI then filed a complaint with the Debt Recovery Appellate Tribunal.
Tata Technologies, ranking as the third-largest in terms of the primary issue size in 2023, set a record by attracting the highest number of applications, totaling 73.58 lakh, during its IPO.
Alpha GCC Holdings Ltd, a wholly-owned material subsidiary of Aster DM Healthcare, manages Aster's operations in the GCC (Gulf Cooperation Council) countries.
The global engineering services company has raised Rs 3,042.51 crore via public issue, at Rs 500 per share, the upper price band.
Additionally, the product line will enable managing many concurrent workloads on a single system, including 5G, AI training, and inference.
The Tata Technologies IPO, which opened for subscription on November 22, will close today, November 24.
The IPO, with a price band set at Rs 475-500 per share, is entirely an offer-for-sale (OFS) of 6.08 crore shares