TPG To Sell Up To Rs 654-Crore Stake In Tata Technologies Via Block Deal, Says Report

Private equity major TPG is looking to offload 85 lakh shares, or 2.1% stake in Tata Technologies Ltd. through open market transactions, according to a Bloomberg report on Tuesday.

The shares will be sold on Wednesday via block deal by TPG Rise Climate SF Pte, the entity through which the PE firm has invested in Tata Tech.

The stake will be offloaded in a price range of Rs 744.5 to Rs 767.5 apiece, which takes the estimated deal size to Rs 654 crore at the upper end of the price band.

The block deal will be executed via BofA Securities, the news agency further added.

Notably, TPG held 2.44 crore shares, or around 6% stake in Tata Tech as of the quarter ended March 31, 2025.

In the January-March period, Tata Tech had logged a 12% sequential rise in net profit to Rs 188.9. The consolidated revenue declined 2.4% quarter-on-quarter to Rs 1,285.7 crore. The Tata Group firm also recommended a total dividend of Rs 11.7 per share.

Shares of Tata Technologies closed 0.88% lower at Rs 767.5 apiece on the NSE, compared to a 0.7% decline in the benchmark Nifty 50. They have gained 18.6% in the past month and are currently trading above their 50-day moving average of Rs 694.74.