TPG Exits FirstCry With ₹202 Cr Bulk Deal

Private equity (PE) giant TPG has exited omnichannel kids wear giant FirstCry through a ₹202 Cr bulk deal. As per NSE data, the PE major, via its entity 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. Of the shares that flooded the market, Goldman Sachs Investments Mauritius lapped up 68 Lakh shares at ₹175 apiece for a sum of ₹119 Cr.