TPG Exits FirstCry With ₹202 Cr Bulk Deal

by · Inc42

SUMMARY

  • As per NSE data, NewQuest Asia Investments III Ltd sold its entire 2.21% shareholding, or 1.2 Cr shares, in the listed company at ₹175.15 each to rake in the amount
  • TPG has completely exited FirstCry even as the kidswear brand remains a growing but loss-making company trying to improve profitability amid high operating costs
  • The bulk deal comes at a time when FirstCry continues to be under selling pressure. The stock has jumped 6.13% in the past week, but is down 37.4% on a YTD basis