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TPG Rise Climate to Offload 3.89% Stake in Tata Technologies

Synopsis:

TPG Rise Climate is set to divest 1.59 crore shares (3.89% stake) in Tata Technologies through block deals priced between ₹670 and ₹698.55 per share, offering a 1–5% discount on the current market price.


TPG Rise Climate, a public shareholder of Tata Technologies, is poised to sell approximately 1.59 crore shares, representing a 3.89% stake in the company, through block deals. The shares are expected to be offered in the price range of ₹670 to ₹698.55 per share, reflecting a 1–5% discount on the current market price. 

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TATA TECHNOLOGIES LIMITED

Trade

664.55-41.04 (-5.81 %)

Updated - 29 April 2025
692.40day high
DAY HIGH
662.25day low
DAY LOW
1714693
VOLUME (BSE)

Key Takeaways

  • Stake Sale: 1.59 crore shares (3.89% stake)

  • Price Range: ₹670–₹698.55 per share

  • Discount: 1–5% on current market price

  • Method: Block deals

  • Seller: TPG Rise Climate​

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Details of the Proposed Block Deal

The proposed sale by TPG Rise Climate comes as part of its investment strategy adjustments. The block deals are expected to be executed at a price range that offers a slight discount to the prevailing market prices, aiming to attract institutional investors. ​

Impact on Tata Technologies Share Price

The announcement of a significant stake sale at a discount may influence the Tata Technologies share price in the short term. Investors and market analysts will closely monitor the stock's performance following the execution of these block deals.​

Historical Context

This is not the first time TPG Rise Climate has reduced its stake in Tata Technologies. In August 2024, the firm sold a 3% stake worth ₹1,230 crore through a block deal, pricing the shares at ₹1,014.16 each, which was a 3.2% discount to the then-prevailing market price. 

Table: Summary of the Proposed Stake Sale

Detail

Information

Seller

TPG Rise Climate

Company

Tata Technologies

Stake to be Sold

3.89%

Number of Shares

1.59 crore

Price Range

₹670–₹698.55 per share

Discount on CMP

1–5%

Method

Block deals

Investors are advised to stay informed about the developments related to this stake sale, as it may present both challenges and opportunities in the context of Tata Technologies' stock performance.

Also read: CESC Signs PPA for 300 MW Wind-Solar Hybrid Project at ₹3.81/kWh

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