TPG will increase the stake from 68% to 70% percent trough a mandatory offer and the offer price would be at Rs.25/-
TPG will acquire 2% of shares from the retailers and it would be around ( 742 million shares X 2%) = 14.84 million shares trough the mandatory offfer
they don't have so much of shares to be collected between 23 to 25 from the market,
What they are trying to do is fix the market price at 25 so that they know that they are no more shares below Rs.25 in the market and the entire quantity below Rs.25/- is with them.
TPG knows that they have brought for 15 and there are no more shares below 25.