Former Tata Technologies CEO and managing director Patrick Raymon McGoldrick sells Tata Technologies shares worth about ₹165 crore through block deals on the BSE, according to the reports. The sale involves 21 lakh shares sold in four tranches at an average price of ₹785 per share, totaling ₹164.85 crore.
After the transaction, McGoldrick’s stake in the Pune-based global product engineering and digital services company falls to 0.62%, from 1.13%, as the sale trims his holding by about 0.51%. The shares are bought by multiple institutional investors, including ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, 360 One Asset Management, and Carnelian Asset Management & Advisors, with the buyers taking equal numbers of shares at the same price.
Both outlets report the same core transaction details. The Economic Times adds context on McGoldrick’s tenure—he retires as CEO and MD in September 2014—and his later role as an executive director at RNT Associates International Pte Ltd, a Ratan Tata company. It also provides additional background on Tata Technologies’ recent financial performance and stock listing history.
