Block Deal: Preparations to sell stake in Tata Group's company, know the details

News Topical,Digital Desk : A big block deal can be seen in the stock market on Tuesday. According to information received from sources, a block deal of 1.59 crore shares can be done in Tata Group company Tata Technologies. Sources say that TGP Rise Climate can sell 1.59 crore shares (3.9 percent share) of Tata Technologies at Rs 670-698.55 per share through the block deal. Sources said that this deal can be done at a discount of 1-5 percent from the current market price (CMP).

In the quarter ended March, the company's profit has increased on a quarterly basis. The company has also announced final and special dividend for investors. In the exchange filing, the company said that the consolidated profit of the company has increased to Rs 189 crore in the fourth quarter of FY 2025, which is an increase of 11.8 percent from Rs 169 crore in the quarter ended December 2024. The consolidated income of the Tata Group company has declined, coming down from Rs 1,317 crore quarter-on-quarter to Rs 1,286 crore. Stock performance On Monday, the stock of Tata Technologies closed at Rs 703.85 with a gain of 1.54 per cent. In the last one year, the stock of the company closed at Rs 703.85, down 34.03 per cent. 

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