Tata Technologies Ltd may witness a large block deal worth ₹634 crore during trade on Wednesday, June 4, as private equity firm TPG is likely to sell 2.1 percent stake in the company.
As per reports, TPG will offload the stake through a block deal at a floor price of ₹744.5 per share, which is around 3 percent lower than the previous day’s closing price of ₹767.5 on the NSE.
The stake sale will be done by TPG Rise Climate Sf Pte Ltd, and BofA Securities is handling the transaction. As of March 2025, TPG holds 6.01 percent stake in Tata Technologies.
The promoters own a majority stake of 55.2 percent. FIIs own 3.1 percent, DIIs own 2.5 percent, and the remaining is with the public at 39.2 percent, according to the latest shareholding pattern. In its January–March quarter of the current FY25 results, Tata Technologies reported a net profit of ₹188.87 crore, more than a 20 percent rise from last year’s ₹157.24 crore.
But revenue declined a bit by 1.18 percent to ₹1,285.65 crore. The firm also declared a final dividend and a special one-time dividend for shareholders. The earnings per share (EPS) increased to ₹4.66, and its net margin grew to 14.7 percent from 12.9 percent for the previous year.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
