Tata Tech shares lower after large block deal of 2.1% equity today
By Aditya Bhagchandani Published on June 4, 2025, 09:27 IST
Shares of Tata Technologies Ltd traded lower on Tuesday after a large block deal involving a 2.1% equity stake, valued at approximately ₹634 crore, hit the markets. The deal was executed at a floor price of ₹744.5 per share, representing a 3% discount to Tata Technologies' closing price of ₹767.5 on June 3.
As per media reports, the stake was sold by US-based private equity firm TPG through its arm TPG Rise Climate SF Pte Ltd. The transaction is being facilitated by BofA Securities and is reportedly structured as a 'clean-up trade,' indicating a strategic exit by the investor.
Tata Technologies' stock opened on a weaker note and was trading at ₹762.80, down 0.61% from the previous close. The day's trading range was ₹754.20 to ₹765.50. The company's market cap stood at ₹308.26 billion, with a trailing P/E ratio of 45.67 and dividend yield of 1.10%.
TPG's partial exit comes after a strong performance by Tata Tech stock, which has gained over 15% in the past month. Neither TPG nor BofA Securities has issued an official statement on the deal as of now.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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