Private Equity Firm TPG Sells 7.6% Stake In Campus Activewear For Rs 806 Cr

Private equity firm TPG on Friday divested a 7.6 per cent stake in sports and athleisure company Campus Activewear for Rs 806 crore through an open market transaction.

TPG through its affiliate TPG Growth III SF Pte offloaded the shares in Campus Activewear.

According to the bulk deal data available on the National Stock Exchange (NSE), TPG Growth III SF Pte sold 2,32,07,692 shares, amounting to a 7.62 per cent stake in the firm.

The shares were disposed of at an average price of Rs 347.24 apiece, taking the transaction value to Rs 805.86 crore.

As of December 2022, TPG Growth III SF Pte owned a 7.62 per cent stake in the firm.

Investment Trust Fidelity Series Emerging Markets Oppor Fund, Societe Generale and Fidelity Investment Trust Fidelity International Discovery Fund acquired a total of 91.06 lakh equity shares of the firm.

On Friday, shares of Campus Activewear closed 8.72 per cent lower at Rs 338 per share on the NSE.

In a separate bulk deal, Zydus Family Trust bought shares of Zydus Wellness for over Rs 76 crore through an open market transaction.

Zydus Family Trust purchased 5.10 lakh shares of the firm at an average price of Rs 1,499.67 apiece, as per the NSE data.

This took the deal value to Rs 76.52 crore.

Shares of Zydus Wellness closed 2.65 per cent higher at Rs 1,510 per scrip on the NSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more