TPG To Sell 3.89% Stake In Tata Technologies Via Bulk Deal, Sources Say

TPG Rise Climate is an entity linked to US private equity firm TPG Inc. As per the sources, it can offload 15.86 million shares in a price range of Rs 670 to Rs 699, with a discount of as much as 5% to the current market price.

At the upper end of the reported selling price range, TPG Rise Climate may end up offloading stake worth Rs 1,109 crore.

The climate-focussed investor held 6.01% stake with total number of nearly 2.43 crore shares in Tata Technologies as of March 2025.

After it offloads 3.89% stake through bulk deal, the lock-in on remaining shares will be for the period of 60 days, the persons privy to the matter said. BofA Securities is the sole banker for this deal, they added.

Earlier on April 25, Tata Technologies posted a 12% rise in its net profit for the March quarter, thereby beating analysts' estimates. The company's bottom-line rose to Rs 188.87 crore during the January-March period, as compared to the consensus estimate of Rs 177.75 crore of the analysts polled by Bloomberg.

Shares of Tata Technologies on Friday closed 1.79% higher at Rs 705.60 apiece on the NSE, compared to a 1.2% rise in the benchmark Nifty 50. The stock has fallen by 33.86% in the last 12 months and 20.84 % on a year-to-date basis.

Out of the 14 analysts tracking the company, three have a 'buy' rating on the stock, and eleven suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 14.5%.

TPG Rise Climate is an entity linked to US private equity firm TPG Inc. As per the sources, it can offload 15.86 million shares in a price range of Rs 670 to Rs 699, with a discount of as much as 5% to the current market price.

At the upper end of the reported selling price range, TPG Rise Climate may end up offloading stake worth Rs 1,109 crore.

The climate-focussed investor held 6.01% stake with total number of nearly 2.43 crore shares in Tata Technologies as of March 2025.

After it offloads 3.89% stake through bulk deal, the lock-in on remaining shares will be for the period of 60 days, the persons privy to the matter said. BofA Securities is the sole banker for this deal, they added.

Earlier on April 25, Tata Technologies posted a 12% rise in its net profit for the March quarter, thereby beating analysts' estimates. The company's bottom-line rose to Rs 188.87 crore during the January-March period, as compared to the consensus estimate of Rs 177.75 crore of the analysts polled by Bloomberg.

Shares of Tata Technologies on Friday closed 1.79% higher at Rs 705.60 apiece on the NSE, compared to a 1.2% rise in the benchmark Nifty 50. The stock has fallen by 33.86% in the last 12 months and 20.84 % on a year-to-date basis.

Out of the 14 analysts tracking the company, three have a 'buy' rating on the stock, and eleven suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 14.5%.