Tata Technologies Share: Know who is exiting Tata Tech by selling the entire stake and why:

News Topical, Digital Desk : According to information received by CNBC Awaaz from sources, TPG is preparing to exit Tata Technologies completely. America's top private equity firm TPG is planning to sell its entire stake in Tata Technologies through a block deal.

Let's know the complete details in 7 points.

1. This stake has been placed through TPG Rise Climate SF Pte Ltd, which is the selling entity in this deal.

2. Estimated size of the deal is $74 million - The proposed stake sale is approximately 2.1%, which is estimated to be worth around ₹635 crores ($74 million).

3. Price band ₹744.5 to ₹767.5 per share - As per the term sheet, the offer price has been kept at a discount of 0% to 3% from the CMP.

4. Responsibility of BofA Securities: - Bank of America Securities is in the role of brokerage for this block deal.

5. Floor price of ₹744.5 for the block deal: - The minimum price of the offer (floor price) can be fixed at ₹744.5 per share.

6. Stock up over 15% in a month:- Tata Technologies stock has climbed over 15% in the last one month, which has kept investors' interest alive.

7. Supply pressure indicated in the market:- This deal may lead to short-term price pressure in the stock, especially if the deal is struck at a discount to the CMP. This is a 'clean-out trade' — that is, TPG is exiting the investment completely.

Investors' eyes on Tata Technologies:- Although the deal may lead to short-term volatility, the company's strong auto-engineering background may keep it attractive for long-term investors.