Tata Technologies block deal: TPG to sell 2.1% stake, floor price likely at Rs 744.5 per share: Report

American private equity firm TPG is likely to sell 2.1% stake in Tata Technologies via a block deal according to a media report. The total block size is estimated at Rs 634 crore, with the floor price for the deal likely to be set at Rs 744.5 per share.

The floor price is expected to be at a discount of 3% over the current market price, the report by CNBC-TV18 said.

Tata Technologies shares today ended at Rs 768 on the NSE, down by Rs 6.30 or 0.81%.

TPG held 6.01% representing 2,43,80,305 equity shares in the company via Tpg Rise Climate Sf Pte. Ltd.

Tata Technologies shares have slipped 26% over the last one year while declining 13% in 2025, so far. It has been a market laggard with Nifty delivering 5.5% and 3.4% in the respective periods.

The company reported a 20% year-on-year (YoY) jump in its consolidated profit after tax (PAT). The same was reported at Rs 189 crore versus Rs 157 crore in the year-ago period.

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.

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, totaling Rs 11.70 per share for the financial year ended March 31, 2025.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)