The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TPG Rise Climate SF Pte Ltd
TATATECH · price
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On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.4 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TPG Rise Climate SF Pte Ltd, a Singapore-based non-promoter investor, sold 15,863,806 equity shares of Tata Technologies Ltd on April 29, 2025 through a block trade. This represents 3.9% of the company's total share capital. The sale reduced TPG Rise Climate's stake from 6% (24,380,305 shares) to 2.1% (8,516,499 shares). The filing confirms the seller is not part of the promoter/promoter group. Tata Technologies has a total equity share capital of about 40.57 crore shares of face value INR 2 each.
This is a significant divestment by a foreign institutional/private equity investor, cutting their holding by nearly two-thirds. Such large block deals by non-promoter investors can create short-term supply pressure on the stock and signal reduced institutional confidence, though it also frees up float for new investors.