Patrick McGoldrick sells Rs 165 crore in Tata Technologies shares

Tata Technologies Patrick McGoldrick block deal BSE share sale

Patrick Raymon McGoldrick, the former CEO and Managing Director of Tata Technologies, has sold shares worth approximately Rs 165 crore through block deals on the BSE. The transaction involved the sale of 2.1 million shares, representing a 0.51 per cent stake, executed in four tranches at an average price of Rs 785 per share.

Following the sale, McGoldrick’s holding in the Pune-headquartered firm decreased from 1.13 per cent to 0.62 per cent. The shares were acquired by several institutional investors, including ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, 360 One Asset Management, and Carnelian Asset Management & Advisors.

McGoldrick retired from his leadership role at Tata Technologies in September 2014 after a 20-year tenure. The share sale occurs amid recent financial reports from the company, which noted an 11.5 per cent sequential decline in consolidated net profit for the first quarter of FY27, standing at Rs 181 crore compared to Rs 204 crore in the previous quarter.

Entities

BSE · ICICI Prudential Mutual Fund · Kotak Mahindra Mutual Fund · Patrick Raymon McGoldrick · Tata Technologies

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Tata Technologies reported an 11.5 per cent sequential decline in consolidated net profit for the first quarter of FY27. bhaskarlive.in · yespunjab.com
[● 3 SOURCES] Patrick Raymon McGoldrick sold shares worth approximately Rs 165 crore through block deals on the BSE. bhaskarlive.in · yespunjab.com · www.news18.com
[● 3 SOURCES] McGoldrick's stake in Tata Technologies decreased from 1.13 per cent to 0.62 per cent. bhaskarlive.in · yespunjab.com · www.news18.com
[● 3 SOURCES] Institutional investors including ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, 360 One Asset Management, and Carnelian Asset Management & Advisors acquired the shares. bhaskarlive.in · yespunjab.com · www.news18.com
[● 3 SOURCES] McGoldrick sold 2.1 million shares, representing a 0.51 per cent stake, in four tranches. bhaskarlive.in · yespunjab.com · www.news18.com
[● 3 SOURCES] The shares were sold at an average price of Rs 785 each. bhaskarlive.in · yespunjab.com · www.news18.com

Sources

Former Tata Technologies CEO sells shares worth around Rs 165 crore [bhaskarlive.in]

7 days ago

Former Tata Technologies CEO sells shares worth Rs 165 crore in block deals [www.ibtimes.co.in]

7 days ago

Former Tata Technologies CEO Patrick McGoldrick Sells Shares Worth Rs 165 Crore [yespunjab.com]

7 days ago

Former Tata Technologies CEO McGoldrick sells shares worth Rs 165 crore [www.news18.com]

7 days ago