Tpg

PE firm TPG sells 3.9% stake in Tata Technologies for ₹1,068 crore

Private equity firm TPG on Tuesday divested a 3.9 per cent stake in Tata Technologies for Rs 1,068 crore through an open market transaction. According to the bulk deal data available, TPG through its arm TPG Rise Climate SF offloaded more than 1.58 crore shares of Tata Technologies, which provides engineering and product development digital services. The shares were disposed of at an average price of Rs 673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to Rs 1,068.05 crore. After the latest transaction, TPG's arm holding in Tata Technologies declined to 2.1 per cent from 6 per cent. Details of the buyers of Tata Technologies' shares could not be ascertained on the National Stock Exchange (NSE). On Tuesday, shares of Tata Technologies declined 6.11 per cent to close at Rs 662.50 apiece on the NSE. In a separate block deal on the NSE, seven entities, including Citigroup Global Markets, BofA Securities Europe, and Tata Mutual Fund, bought 87.21 lakh

TPG, other investors buy 90% stake in Siemens Gamesa's India wind business

The move comes as India, the world's third-largest energy consumer, pushes towards its goal of 500 gigawatts (Gw) of non-fossil fuel capacity by 2030

Logistics firm Shadowfax raises $100 million in TPG-led funding round

The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn

Private equity firms TPG, Tepco, Brookfield in talks for JSW Neo stake

JSW Energy had earlier announced that it would be shifting its hydro energy projects into subsidiaries under JSW Neo Energy

TPG sells stake in Shriram Finance for Rs 1,400 cr, Piramal to follow suit

Shriram Finance last year became India's largest non-bank lender after merger of units

TPG-backed RR Kabel files for IPO to raise up to $27.5 million

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million

Green hydrogen player Ohmium raises $250 mn from TPG; to ramp up capacity

Green hydrogen company Ohmium International on Wednesday announced a USD 250 million fund raise, which will be deployed to ramp up its electrolyser manufacturing activities in India, among other purposes. The US-headquartered company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems already has a sizeable presence in India, with its country headquarters in Bengaluru, and manufactures here. It has raised the money in a round led by TPG Rise Climate, and also saw participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group, a company statement said. "The company has substantial part of its capacity in India. A large part of the money raised will be used for scaling up the capacity in India, a banker involved in the deal said. It looks at India as a manufacturing hub with a potential to deliver products at lower costs, the banker said, adding that the investm

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

TPG weighing majority stake sale in Fourth Partner Energy: Report

The private equity firm is working with an adviser on the deal, said the people.. A stake sale could value Fourth Partner at around $600 million, the people said.

M&M, British Int'l Investment to build portfolio of five e-SUVs by 2027

At $9.1 billion valuation, BII will have a stake of 2.75-4.76% in the new EV company

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

TPG Rise Climate along with co-investors would secure between 11-15 per cent stake in the new subsidiary

CCI clears Blackstone, TPG buying stakes in Busybees Logistics

Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.

PE firm TPG invests $360 mn in AI and analytics services firm Fractal

PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019

Tata Motors' pact with private equity firm TPG 'credit positive': Moody's

Moody's Investors Service on Wednesday said that Tata Motors' pact with private equity firm TPG is 'credit positive', as it will help the automaker to scale up its electric vehicle business. Last month, Tata Motors announced that it will raise USD 1 billion in its passenger electric vehicle (EV) business from TPG Rise Climate. "We estimate that TPG Capital's USD 1 billion capital injection into Tata Motors's (TML, B1 stable) electric vehicle subsidiary, EVCo, will fund half its EV spending in India (Baa3 stable) through March 2026," Moody's Investors Service said in a statement. Tata Motors intends to use the funds, which it will receive in exchange for compulsorily convertible preference shares issued to TPG, to create a portfolio of EVs and dedicated battery electric vehicle (BEV) platforms. EVCo will also invest in battery technologies and charging infrastructure in association with Tata Power Ltd. Moody's Investors Service noted that the automaker has an early mover advantage

Nifty Auto index gains over 3% on Tata Motors-TPG deal boost

Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra

TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal

Tata Motors to invest $2 billion in EVs after fundraise from TPG

"The aim is to lead the EV charge in the market," said Shailesh Chandra, head of Tata Motors' passenger vehicles business

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