Tata Technologies block deal: TPG to sell 2.1% stake, floor price likely at Rs 744.5 per share: Report
American private equity firm TPG is likely to sell 2.1% stake in Tata Technologies via a block deal according to a media report. The total block size is estimated at Rs 634 crore, with the floor price for the deal likely to be set at Rs 744.5 per share.
The floor price is expected to be at a discount of 3% over the current market price, the report by CNBC-TV18 said.
Tata Technologies shares today ended at Rs 768 on the NSE, down by Rs 6.30 or 0.81%.
TPG held 6.01% representing 2,43,80,305 equity shares in the company via Tpg Rise Climate Sf Pte. Ltd.
Tata Technologies shares have slipped 26% over the last one year while declining 13% in 2025, so far. It has been a market laggard with Nifty delivering 5.5% and 3.4% in the respective periods.
