Private Equity

Liquidity Events

TPG sells 2.1% in Tata Technologies for Rs.638-Cr

PTI  

TPG Growth, via TPG Rise Climate SF, has sold 85.16 lakh shares, representing a 2.1% stake in Tata Technologies. The shares were sold at an average price of INR 749.10 apiece, taking the deal value to INR 637.97 crore.With the stake sale, the shareholding of TPG Rise Climate SF in Tata Technologies has come down to about 3.91% from 6.01%.In April, TPG had divested a 3.9% stake in Tata Technologies for INR 1,068 crore. Prior to that, the US-based investment firm divested a 3% stake in Tata Tech for INR 1,230 crore in August 2024.

In Oct 23, TPG Rise Climate acquired a 9% stake in Tata Technologies for about INR 1,467 crore, from Tata Motors.