Shares of Tata Technologies dropped 4.71% to ₹672.40 in early trade on April 29, following a large block deal involving 1.6 crore shares—equivalent to 3.95% of the company’s equity—changing hands for approximately ₹1,094 crore. The transaction occurred at ₹683 per share, marking a discount of nearly 5% to the previous close of ₹705.60.
TPG Rise Climate Sf Pte. Ltd., a fund managed by the US-based private equity giant TPG Inc., was expected to offload a 3.89% stake (approximately 15.86 million shares) in Tata Technologies through the deal. The offer price ranged between ₹670 and ₹699 per share.
As per the March 2025 shareholding data, TPG Rise Climate held a 6.01% stake in Tata Technologies, which translates to roughly 2.43 crore shares. Following this transaction, the remaining stake of TPG Rise Climate will be under a 60-day lock-in period, according to sources cited by NDTV Profit.
BofA Securities acted as the sole banker for the bulk deal.
At the current market price of ₹672.40, Tata Technologies commands a market capitalization of ₹272.87 billion. The stock has traded between ₹663.05 and ₹692.40 so far today and has seen an average daily volume of 1.74 million shares.
