French multinational bank Societe Generale has acquired additional equity shares in Tata Capital through a block deal transaction worth Rs 51 crore, coinciding with the expiry of anchor investor lock-in restrictions that freed up significant shareholding for trading.

Block Deal Transaction Details

The transaction involved Societe Generale purchasing 14,33,651 equity shares at Rs 354.5 per share on Friday. This acquisition represents an expansion of the French bank's existing position in the financial services company.

Anchor Investor Activity

Societe Generale had previously participated in Tata Capital's anchor bidding process, receiving an allocation of 14,13,764 equity shares at Rs 326 per share. The allocated shares constituted 0.99% of the total anchor quota during the IPO process.

On the selling side, UK-based alternative investment firm Marshall Wace divested 14,33,651 equity shares through two of its funds:

• Marshall Wace Investment Strategies–TOPS World Equities Fund
• Marshall Wace Investment Strategies–Eureka Fund

Both funds had participated in Tata Capital's IPO anchor bidding, with allocations of 5,74,770 shares and 23,06,026 shares respectively.

Lock-in Expiry Impact

Marshall Wace's stake sale occurred following the three-month anchor lock-in expiry on Wednesday, January 7. This expiry released approximately 7.1 crore shares into the open market, representing 2% of total outstanding shares according to Nuvama's estimates.

IPO Performance and Market Position

Tata Capital's Rs 15,512 crore IPO, launched in October, holds the distinction of being the largest public offering of 2025. The issue structure comprised:

The stock was listed on October 13 at Rs 330 per share, representing a 1% premium to the issue price. The IPO received bids for 65.19 crore shares against 33.34 crore shares available for subscription.

Current Market Performance

Tata Capital shares closed at Rs 359.85 on BSE, registering a gain of Rs 5.20 or 1.47% over the previous day's closing price. The company operates as a diversified financial services entity and functions as a subsidiary of Tata Sons Private Limited, providing NBFC services to retail, corporate, and institutional customers.

French banking giant Societe Generale has acquired a significant stake in Tata Capital through a substantial share purchase transaction. The acquisition demonstrates continued foreign institutional investor interest in India's expanding financial services sector.

Transaction Details

The share acquisition involved a considerable block deal with specific pricing parameters that reflect current market valuations.

Strategic Significance

This acquisition by Societe Generale represents a notable institutional investment in Tata Capital, reflecting confidence in the company's business model and growth prospects. The French banking conglomerate's decision to acquire shares at ₹354.50 each indicates positive sentiment toward the Indian financial services company's market position.

Societe Generale, being one of Europe's leading financial services groups, brings significant credibility to this investment decision. The transaction adds to the growing list of foreign institutional investments in India's financial services sector, particularly in non-banking financial companies.

Market Impact

The block deal transaction showcases institutional confidence in Tata Capital's operational performance and strategic direction. Such investments by established global financial institutions often signal strong fundamentals and growth potential in the target company.

This acquisition further strengthens Tata Capital's shareholder base with the addition of a prominent international banking institution, potentially enhancing the company's access to global financial markets and expertise.