Private equity firm TPG is preparing to divest its remaining 2.1% stake in Tata Technologies through a block deal valued at ₹634 crore, according to news reports.
The stake is held through TPG Rise Climate SF Pte Ltd, and the transaction is being executed as a clean-up trade, managed by BofA Securities.
The floor price for the share sale has been set at ₹744.5 per share, which reflects a 3% discount to Tata Technologies’ closing price of ₹767.50 on the National Stock Exchange (NSE) as of June 3, 2025. The price band for the deal ranges between ₹744.5 and ₹767.5 per share. This places the total deal value at approximately $74 million (₹634 crore).
Tata Technologies Limited delivered a strong operating performance driven by strategic deal wins and steady revenue growth across segments.
For FY25, the company reported total operating revenue of ₹51,685 million. Operating EBITDA stood at ₹9,341 million, reflecting an EBITDA margin of 18.1%. Over the past three years, the company’s revenue from operations has grown at a compound annual growth rate (CAGR) of 13.6%, while operating EBITDA has grown at a CAGR of 13%, underscoring sustained operational efficiency. Tata Technologies closed a total of 17 large deals during the fiscal year, including a marquee engagement worth over $500 million, two deals exceeding $50 million, and one valued at more than $20 million.
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For Q4FY25, the company posted total operating revenue of ₹12,857 million. The services segment contributed ₹10,241 million, marking a 1.1% quarter-on-quarter growth. In USD terms, services revenue stood at $118.1 million, remaining flat on a constant currency basis. Operating EBITDA for the quarter came in at ₹2,334 million, with an EBITDA margin of 18.2%, an improvement from 17.8% in the previous quarter.
Net income for the fourth quarter rose to ₹1,889 million, registering a 12.0% increase quarter-on-quarter and a 20.2% jump year-on-year. The net profit margin improved to 14.7%, up from 12.8% in Q3 FY25 and 12.1% in Q4 FY24, reflecting stronger profitability. However, the company reported a marginal uptick in attrition, with the last twelve-month (LTM) attrition rate at 13.2%, compared to 12.9% in the previous quarter.
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Published on: Jun 4, 2025, 9:42 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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