Shares of Tata Technologies Ltd. fell over 1% on Wednesday as private equity giant TPG moved to sell 85 lakh shares worth ₹654 crore through a block deal.
🔴 Key Details of the Stake Sale:
- TPG Rise Climate SF Pte, the entity holding 6% stake in Tata Technologies, is offloading 2.1% stake.
- The shares are being sold in a price range of ₹744.5 to ₹767.5 apiece, marking a 0% to 3% discount to Tuesday’s closing price.
- The block deal is being executed via BofA Securities, impacting market sentiment.
📢 Market Reaction:
- Tata Technologies stock fell as much as 1.73%, hitting ₹754.20, its lowest level since May 28.
- The stock later pared losses, trading 1.26% lower at ₹756.95, compared to a 0.23% gain in the NSE Nifty 50 index.
⚠️ What’s Next for Tata Technologies?
Despite the dip, Tata Technologies has seen an 18.6% gain in the past month, and analysts are watching how the market absorbs this large stake sale.
👉 What do you think of this market move? Let us know in the comments!
🔴 Share this post to keep investors informed! 📊🔥
