Tata Technologies Block Deal: Tata Tech shares slide 6% after TPG likely offloads 3.95% stake via bulk deal
Tata Technologies shares fell 6% to their intraday low of Rs 663.45 on BSE on Tuesday after public shareholder TPG Rise Climate SF Pte. Ltd. reportedly sold a 3.95% stake via a bulk deal.
TPG Rise Climate, an entity affiliated with U.S. private equity firm TPG Inc., is said to have offloaded around 1.6 crore shares worth Rs 1,094 crore at Rs 683 apiece — a discount of up to 3.25% to the prevailing market price.
However, official confirmation of the buyers and sellers is still awaited.
TPG Rise Climate, an entity linked to US private equity firm TPG Inc., is likely to offload around 15.86 million shares in a price range of Rs 670 to Rs 699, offering a discount of up to 5% to the current market price, sources told NDTV Profit.
At the upper…
