Global Private Equity is planning to sell its entire stake in Tata Technologies through giant TPG block deal. According to information from sources to Moneycontrol, the deal is being seen as a major strategic exit, which includes American Investment Bank Bofa Securities as a deal manager.
How much is the offer price going?
According to sources, TPG Rise Climate SF PTE Ltd’s stake is equal to 2.1% shares of the company. The total deal size is estimated to be more than ₹ 615 crore ($ 74 million).
The offer price has been kept between ₹ 744.5 to ₹ 767.5 per share, which is a discount of 0 to 3% against the stock price of Tata Technologies when the market is closed on June 3. Currently, there is no official response to this possible deal by TPG and Bofa Securities.
Tata Tech’s share climbed 15% in a month
Shares of Tata Technologies have performed strongly in recent times. In the last one month, the stock has seen a rise of more than 15%. However, the stock has come down 25.83% in the last one year and 19.69% in 6 months. This year i.e. in 2025, Tata Tech shares have seen a 13.79% decline so far.
This story is still being updated …
