Tata Technologies (NSE:TATATECH, BOM:544028), along with sister company Tata Motors (NSE:TATAMOTORS, BOM:500570), has incorporated a not-for-profit subsidiary named Tata Motors Foundation, according to a Friday filing to the Indian stock exchanges.
Tata Motors Foundation has been incorporated with a paid-up capital of 1 million rupees, comprising 100,000 equity shares of face value of 10 rupees each.
The new entity has been formed to promote, undertake, plan, organize, implement, and execute various corporate social responsibility activities.
Tata Technologies shares were down nearly 1% in recent trade.
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