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Tata Group considering spinoff of battery business Agratas

Livemint · 1y

Tata Group is reportedly considering spinning off its battery business, Agratas Energy Storage Solutions Pvt, as an independent unit. The move would enable the battery business to raise funds and potentially go public in Mumbai. Agratas, which designs and manufactures batteries for the automotive and energy sectors, has factories in India and the UK. The potential listing could value Agratas between $5 billion and $10 billion. Tata Motors is also exploring similar spinoff plans for its EV business.