Can Tenneco Clean Air India’s IPO deliver long term gains for investors?
ET Intelligence Group: Tenneco Clean Air India, an auto components company, plans to raise ₹3,600 crore through an offer for sale. The promoter group’s stake will fall to 74.8% after the IPO from 97.3%. It is a subsidiary of the US based Tenneco Inc, which designs and manufactures clean air and powertrain products for automotive…