Archive · 5 Sep 2026
Former Tata Technologies CEO McGoldrick Sells ₹165 Crore Stake
Patrick Raymon McGoldrick, a former head of Tata Technologies, sold some of his shares.
He sold 21 lakh shares for about ₹165 crore.
The sale happened in four large trades on the BSE on Friday.
His ownership decreased from 1.13% to 0.62%.
Four investment organizations bought all the shares.
The reports differ slightly on whether the sold stake was 0.51% or about 0.52%.
Tata Technologies reported quarterly profit of ₹204.17 crore and revenue of ₹1,572.22 crore.
Its full-year FY26 profit was lower than its FY25 profit, while revenue increased.
Patrick Raymon McGoldrick sold 21 lakh Tata Technologies shares through four BSE block-deal tranches.
The shares were sold at ₹785 each for a total of ₹164.85 crore.
McGoldrick’s holding fell to 0.62% from 1.13%; reports described the sold stake as 0.51% or about 0.52%.
ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, 360 ONE Asset Management, and Carnelian Asset Management & Advisors bought the shares.
Tata Technologies reported FY26 revenue of ₹5,505.57 crore and net profit of ₹546.59 crore, down from ₹676.95 crore in FY25.
- Who
- Former Tata Technologies CEO and Managing Director Patrick Raymon McGoldrick sold the shares; four institutional investors bought them.
- What
- McGoldrick sold 21 lakh shares for ₹164.85 crore at ₹785 per share.
- When
- The bulk deal took place on Friday, September 4, 2026; the reports were published on September 5, 2026.
- Where
- The transaction took place through block deals on the BSE involving Tata Technologies, a Pune-based company.
- Why
- The articles do not state why McGoldrick sold the shares.
- Shares sold
- 21 lakh, or 2.1 million shares
- Transaction value
- ₹164.85 crore
- Sale price
- ₹785 per share
- Stake sold
- Reports state 0.51%; one report describes it as about 0.52%
- Remaining holding
- 0.62%, down from 1.13%
- March-quarter results
- Net profit of ₹204.17 crore and revenue of ₹1,572.22 crore
- FY26 results
- Revenue of ₹5,505.57 crore and net profit of ₹546.59 crore, compared with ₹5,168.45 crore and ₹676.95 crore in FY25
