Tata group firm Tata Technologies Ltd saw 2.1 percent of the total equity in the firm exchanged in a block deal in trade on Wednesday, June 4.
According to reports, US-based private equity firm TPG was planning to offload a 2.1 percent stake in Tata Technologies through a block deal. The total deal size is projected at Rs 634 crore, with the floor price expected to be Rs 744.5 per share. This comes at a three percent discount to the stock's previous session's closing price of Rs 767.5 on the NSE.
The stake is held by an entity named TPG Rise Climate Sf Pte Ltd and investment bank BofA Securities is acting on the proposed clean out trade which has been launched, these sources added. According to the March 2025 shareholding details, TPG holds a 6.01 percent stake in Tata Technologies.
The firm's equity structure is dominated by promoters, who own 55.2 percent in the firm. Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) own 3.1 percent and 2.5 percent stakes, respectively. Public shareholders own 39.2 percent in the firm, according to the March shareholding pattern.
At 9.27 am, shares of Tata Technologies was lower by 0.6 percent, to quote Rs 762.7 per share on the NSE.
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Tata Technologies reported a net profit of Rs 188.87 crore for the January-March quarter of FY25. This marked a rise of over 20 percent from the Rs 157.24 crore net profit reported in the corresponding quarter of the previous financial year. The company also announced a final dividend as well as a special one-time dividend for its shareholders.
While net profit rose, Tata Technologies' revenue from operations declined over 1.18 percent YoY to Rs 1,285.65 crore. The company's basic earnings per share (EPS) improved to Rs 4.66.
While announcing its Q4 results, Tata Tech said that it closed a total of 17 large deal in FY25. These included one marquee deal exceeding $500 million, two $50 million plus deals, and one $20 million plus deal. Its net margin also improved to 14.7 percent in Q4 FY25 from 12.9 percent in Q4 FY24.
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