French multinational bank Societe Generale has strengthened its position in Tata Capital through a significant block deal transaction executed on Friday. The acquisition demonstrates continued institutional interest in the financial services company.

Block Deal Transaction Details

The transaction involved Societe Generale purchasing additional equity shares in Tata Capital through the block deal mechanism. The key parameters of this deal highlight the substantial investment made by the French banking giant.

Previous Anchor Investment

This latest acquisition builds upon Societe Generale's earlier participation in Tata Capital's anchor bidding process. The bank had previously secured an allocation during the anchor round, establishing its initial stake in the company.

Investment Comparison

The pricing difference between the anchor allocation and the block deal reflects market dynamics and timing variations. Societe Generale paid a premium in the block deal compared to its anchor bidding price, indicating strong conviction in the investment opportunity.

The successful completion of this block deal transaction demonstrates institutional confidence in Tata Capital's business prospects and represents a significant capital infusion for the financial services company.

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.