Tata Tech shares drop 6% after block deal; Here’s the likely seller

Shares of Tata Technologies fell over 6 per cent in Tuesday’s intraday trade after a block deal involving 3.94 per cent of equity, with TPG Rise Climate likely the seller.

Tata Tech’s stock fell as much as 6.03 per cent during the day to ₹663.05 per share, the biggest intraday loss since April 7 this year. The stock pared losses to trade 4.8 per cent lower at ₹671.7 apiece, compared to a 0.47 per cent advance in Nifty50 as of 9:35 AM.