Tata Technologies shares in focus as TPG plans 2.1% stake sale via block deal; floor price likely at Rs 744.5
Tata Technologies
shares will be in focus on Wednesday as American private equity firm TPG is expected to sell a 2.1% stake in the company through a block deal, according to a media report. The total block size is estimated at Rs 634 crore, with the floor price likely set at Rs 744.5 per share.
The floor price represents a discount of around 3% to the current market price, CNBC-TV18 reported.
Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%.
TPG currently holds a 6.01% stake in the company, amounting to 2,43,80,305 equity shares, via TPG Rise Climate SF Pte. Ltd.
The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In comparison, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively.
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Tata Technologies reported a 20% year-on-year (YoY) rise in its consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore in the same quarter last year.
The company reported a revenue of Rs 1,286 crore for Q4FY25, reflecting a 1.2% decline from Rs 1,301 crore recorded in the same quarter of the previous financial year.
Further, the PAT rose 12% sequentially from Rs 169 crore reported in Q3FY25. However, revenue declined by 2.4% compared to Rs 1,317 crore in the October-December quarter.
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Tata Technologies maintained tight control over its quarterly expenses, which stood at Rs 1,088 crore during the quarter, lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported the company in delivering double-digit profit growth on both a YoY and QoQ basis.
Additionally, the company's board had approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totalling Rs 11.70 per share for the financial year ended March 31, 2025.
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