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 end of the price band, the deal could be valued at around Rs 1,109 crore.
As of March 2025, TPG Rise Climate held a 6.01% stake in Tata Technologies, amounting to nearly 2.43 crore shares. After the bulk deal, the remaining shares will be subject to a 60-day lock-in period, the sources added. BofA Securities is acting as the sole banker for the transaction.
Also Read: Jio Financial Services, Polycab among 10 largecap stocks where FIIs cut stakes in Q4 FY25
Tata Technologies Q4 earnings
Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) at Rs 189 crore for Q4FY25, compared to Rs 157 crore in the same quarter last year.
Revenue for the quarter stood at Rs 1,286 crore, down 1.2% from Rs 1,301 crore recorded a year ago. Sequentially, PAT rose 12% from Rs 169 crore in Q3FY25, while revenue declined 2.4% from Rs 1,317 crore in the previous quarter.
Also Read: 25 Transformative Investment Ideas: RIL, SBI among HDFC Securities' high-conviction stock picks
Tata Technologies shares price target
As per Trendlyne data, the average target price of the stock is Rs 677, which indicates a downside of 4% from the current market prices. The consensus recommendation from 12 analysts for the stock is a 'Sell'.
Also Read: Aptus Value, Chambal Fertilisers among 10 small-cap stocks where FIIs increased stake in Q4
Tata Technologies share price performance
Over the past one year, the shares of Tata Technologies declined by 34%. On a year-to-date (YTD) basis, it has fallen by 21%. In the last six months, the stock has dropped by 30%, while over the past three months, it has declined by 6%. Over the last one month, however, the stock registered a rise of 4%.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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 end of the price band, the deal could be valued at around Rs 1,109 crore.
As of March 2025, TPG Rise Climate held a 6.01% stake in Tata Technologies, amounting to nearly 2.43 crore shares. After the bulk deal, the remaining shares will be subject to a 60-day lock-in period, the sources added. BofA Securities is acting as the sole banker for the transaction.
Also Read: Jio Financial Services, Polycab among 10 largecap stocks where FIIs cut stakes in Q4 FY25
Tata Technologies Q4 earnings
Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) at Rs 189 crore for Q4FY25, compared to Rs 157 crore in the same quarter last year.
Revenue for the quarter stood at Rs 1,286 crore, down 1.2% from Rs 1,301 crore recorded a year ago. Sequentially, PAT rose 12% from Rs 169 crore in Q3FY25, while revenue declined 2.4% from Rs 1,317 crore in the previous quarter.
Also Read: 25 Transformative Investment Ideas: RIL, SBI among HDFC Securities' high-conviction stock picks
Tata Technologies shares price target
As per Trendlyne data, the average target price of the stock is Rs 677, which indicates a downside of 4% from the current market prices. The consensus recommendation from 12 analysts for the stock is a 'Sell'.
Also Read: Aptus Value, Chambal Fertilisers among 10 small-cap stocks where FIIs increased stake in Q4
Tata Technologies share price performance
Over the past one year, the shares of Tata Technologies declined by 34%. On a year-to-date (YTD) basis, it has fallen by 21%. In the last six months, the stock has dropped by 30%, while over the past three months, it has declined by 6%. Over the last one month, however, the stock registered a rise of 4%.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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