June 15, 2017 / 11:26 AM / 2 months ago

BRIEF-Warburg Pincus to buy 43 pct stake in Tata Technologies for $360 mln

June 15 (Reuters) - Tata Motors Ltd:

* Committee of board approved partial divestment of stake held by company in Tata Technologies Limited, a subsidiary of company

* Says Warburg Pincus to invest $360 million to buy a stake in Tata Technologies Ltd from Tata Motors and Tata Capital

* Post transaction, Tata Motors, affiliates of Tata Group will continue to retain significant minority interest of about 43 pct in Tata Technologies

* Says Warburg Pincus to invest $360 million for about 43 percent equity stake in Tata Technologies Ltd

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