Latest news with #TataTechnologies
Time of India
4 days ago
- Business
- Time of India
TPG trims stake in Tata Technologies with Rs 638 crore share sale; BNP Paribas exits part of Choice International holding
Private equity major TPG on Wednesday pared its stake in Tata Technologies by 2.1 per cent, selling shares worth Rs 638 crore through an open market transaction. According to bulk deal data on the BSE, TPG Rise Climate SF, an affiliate of the U.S.-based investment firm, sold 85.16 lakh shares in Tata Technologies at an average price of Rs 749.10 apiece. The transaction amounts to Rs 637.97 crore, PTI reported. Following this sale, TPG Rise Climate SF's stake in Tata Technologies decreased from 6.01 per cent to 3.91 per cent. The identity of the buyers could not be immediately confirmed. Shares of Tata Technologies, which offers engineering and product development digital services, declined 1.02 per cent to close at Rs 759.65 on the BSE. This marks TPG's third divestment in Tata Technologies in the past year. In April, the firm sold a 3.9 per cent stake for Rs 1,068 crore, and in August last year, it offloaded 3 per cent for Rs 1,230 crore. In a separate BSE block deal on Wednesday, Societe Generale, based in Paris, acquired 11 lakh shares (0.55 per cent) of Choice International for approximately Rs 77 crore, at an average price of Rs 705.2 per share. The seller in this transaction was BNP Paribas' investment arm, which offloaded the exact number of shares at the same price. BNP Paribas' holding in Choice International declined from 2 per cent to 1.45 per cent post-sale. Shares of Choice International ended 0.07 per cent higher at Rs 705.85 apiece. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
4 days ago
- Business
- Business Standard
Tata Tech shares slip as 2.1% equity change hands in block deal
Shares of Tata Technologies slipped nearly 2 per cent after 8.59 million shares of the company changed hands on Monday, amid reports that private equity major TPG is looking to offload its stake. Tata Technologies' stock fell as much as 1.73 per cent during the day to ₹754.2 per share, the biggest intraday loss since May 28 this year. The stock pared losses to trade 1.2 per cent lower at ₹757 apiece, compared to a 0.17 per cent advance in Nifty 50 as of 10:38 AM. Tata Tech's counter has risen over 16 per cent from its recent lows of ₹651, which it hit early last month. The stock has fallen 15 per cent this year, compared to a 4 per cent advance in the benchmark Nifty50. The Tata Group company has a total market capitalisation of ₹30,640.1 crore, according to BSE data. Tata Tech block deal The company had 8.59 million shares, or 2.1 per cent equity changed hands in a block trade, according to Bloomberg data. Buyers and sellers of the deals were not known immediately. As per reports, private equity major TPG was looking to offload 8.5 million, or a 2.1 per cent stake in the company. The transaction was likely undertaken in a price range of ₹744.5 to ₹767.5 apiece. TPG held around 6 per cent stake in Tata Tech as of the quarter ended March 31, 2025, according to BSE data. Tata Tech Q4 results The global product engineering and digital services firm reported a 20.12 per cent rise in consolidated profit after tax at ₹188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lower expenses. The company had posted a consolidated profit after tax of ₹157.24 crore in the same quarter of the year-ago fiscal. Total expenses in the fourth quarter were at ₹1,088.20 crore as against ₹1,094.4 crore in the year-ago period. For the fiscal year ended March 2025, PAT was at ₹676.95 crore as compared to ₹679.37 crore in the preceding financial year. Consolidated total income in FY25 was at ₹5,292.58 crore as against ₹5,232.75 crore a year ago.
News18
4 days ago
- Business
- News18
Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal
Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Around 86 lakh shares, representing 2.10% of the company's overall equity, changed hands in the transaction, as per exchange data. On Tuesday, CNBC-TV18 reported that US-based private equity firm TPG planned to sell up to a 2.1% stake in the company through block deals. The offer price was reportedly set at Rs 744.5 per share, marking a discount of up to 3% from Tuesday's closing price. The buyers and sellers in this transaction have not been officially disclosed. As of the March quarter, TPG Rise Climate held a 6.01% stake in Tata Technologies. The company recently announced its March quarter results. Revenue declined slightly from the previous year to Rs 1,286 crore, while EBITDA slipped 2% year-on-year to Rs 233.5 crore, with the margin narrowing to 18.2%. advetisement Despite this, Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore a year earlier. The company maintained tight control over its expenses, which stood at Rs 1,088 crore for 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 double-digit profit growth on both a YoY and QoQ basis. Additionally, the board approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025. Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%. The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In contrast, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 04, 2025, 10:26 IST
Bloomberg
4 days ago
- Business
- Bloomberg
Indian Stocks Bullish Momentum Takes a Pause
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures point to a firm start for Indian equities this morning after three straight days of losses. Buoyant Asian stocks are likely to support gains in local shares. Meanwhile, more block deals are expected today, with founders and strategic investors in companies including Tata Technologies, Aditya Birla Fashion and Alkem Laboratories continuing to cash in on rich valuations.
Time of India
4 days ago
- Business
- Time of India
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. Also Read: Looking for reliable dividends? These 10 stocks stayed consistent through FY22–FY24 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. Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments 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. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
