Tata Technologies shares fell as much as 2.5% on Wednesday to Rs 748.30 on BSE after a 2.1% equity block deal took place, according to ET NOW.
As per media reports, American private equity firm TPG is likely the seller in the transaction. Ahead of the deal, the block trade was estimated to be worth around Rs 634 crore, with the floor price reportedly set at Rs 744.50 per share — about 3% below the previous close.
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.
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)
As per media reports, American private equity firm TPG is likely the seller in the transaction. Ahead of the deal, the block trade was estimated to be worth around Rs 634 crore, with the floor price reportedly set at Rs 744.50 per share — about 3% below the previous close.
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)
