Tata Capital block deal: Societe Generale buys additional stake worth Rs 51 cr; anchor investor sells

French multinational Societe Generale bought 14,33,651 shares in Tata Capital through a block deal on Friday. The shares were purchased at a price of Rs 354.5 each for a consideration of Rs 51 crore.The company had allotted 14,13,764 shares to Societe Generale at a price of Rs 326 per share during the anchor offer. The allocated shares constituted 0.99% of the total anchor quota.

Meanwhile, UK alternative investment firm Marshall Wace sold 14,33,651 shares in two tranches through its funds: Marshall Wace Investment Strategies – TOPS World Equities Fund and Marshall Wace Investment Strategies – Eureka Fund. Both the funds had participated in Tata Capital’s IPO anchor offer, with the former allotted 5,74,770 shares and the latter 23,06,026 shares.The sale of Marshall’s stake in the company follows the expiration of the three-month anchor lock-in on Wednesday, January 7.

After the expiry of the anchor lock on Tata Capital’s IPO, nearly 7.1 crore shares were released, making them eligible for trading in the open market. According to Nuvama estimates, they account for 2% of the total number of shares outstanding.

Also read: Honasa Consumer Block Deal: Promoter Varun Alagh increases stake in parent company Mamaearth as shares trade 15% below IPO price

The Rs 15,512 crore Tata Capital IPO, which was launched in October, was the largest IPO of 2025. The bookbuilding issue was a combination of a fresh issue of 21 crore shares, worth Rs 6,846 crores, and an offer for sale (OFS) of 26.58 crore shares, worth Rs 8,666 crores. The share was listed on October 13. at a 1% premium of Rs 330 per share.

The issue was subscribed 1.96 times, receiving bids worth Rs 21,254 crore. The number of equity bids received by the company stood at 65.19 crore as against 33.34 crore shares open for subscription.

Shares of Tata Capital ended at Rs 359.85 on the BSE today, a gain of Rs 5.20 or 1.47% over Thursday’s closing price.

Tata Capital is a diversified financial services company and a subsidiary of Tata Sons Private Limited. It operates as an NBFC and offers a wide range of financial products and services to retail, corporate and institutional clients.

Also read: Bulk deal with John Cockerill: Ramesh Damani buys stake of Rs 13 crore while promoter buys out stake of Rs 91 crore

(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)