Key Points of TPG Global Acquires Campus Activewear Through Block Deal:
- TPG, a US-based private equity firm, has recently divested its stake in Campus Activewear, a popular sports and athleisure footwear company, through an open market transaction.
- The sale was worth ₹806 crore and TPG’s affiliate, TPG Growth III SF Pte, sold 2,32,07,692 shares of Campus Activewear, constituting a 7.62% stake.
- The sale was carried out at an average price of ₹347.24 per share, amounting to a total transaction value of ₹805.86 crore.
- 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 in the sale.
- Investment Trust Fidelity Series Emerging Markets Oppor Fund purchased 17,10,700 shares, Societe Generale bought 40,56,419 shares, and Fidelity Investment Trust Fidelity International Discovery Fund acquired 33,39,500 shares.
- The stock price of Campus Activewear closed 8.72% lower at ₹338 per share on the NSE on Friday.
- Zydus Family Trust executed a separate bulk deal to purchase shares of Zydus Wellness for over ₹76 crore via an open market transaction.
- The Trust bought 5.10 lakh shares of Zydus Wellness at an average price of ₹1,499.67 apiece, and the stock price of Zydus Wellness closed 2.65% higher at ₹1,510 per scrip on the NSE.
Details of TPG Global Acquires Campus Activewear Through Block Deal:
US-based private equity firm TPG has recently divested its stake in Campus Activewear, a popular sports and athleisure footwear company. The sale was worth ₹806 crore, which was executed through an open market transaction. TPG’s affiliate, TPG Growth III SF Pte, sold 2,32,07,692 shares of the firm, constituting a 7.62% stake. This sale was carried out at an average price of ₹347.24 per share, amounting to a total transaction value of ₹805.86 crore.
The National Stock Exchange’s bulk deal data revealed that as of December 2022, TPG Growth III SF Pte owned a 7.62% stake in Campus Activewear. In this sale, 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.
Investment Trust Fidelity Series Emerging Markets Oppor Fund purchased 17,10,700 shares of Campus Activewear at an average price of ₹347. Societe Generale bought 40,56,419 shares at an average price of ₹347, and Fidelity Investment Trust Fidelity International Discovery Fund acquired 33,39,500 shares at ₹347.
The stock price of Campus Activewear closed 8.72% lower at ₹338 per share on the NSE on Friday.
Zydus Family Trust also executed a separate bulk deal to purchase shares of Zydus Wellness for over ₹76 crore via open market transaction. The Trust bought 5.10 lakh shares of the firm at an average price of ₹1,499.67 apiece, bringing the total deal value to ₹76.52 crore. As per NSE data, the stock price of Zydus Wellness closed 2.65% higher at ₹1,510 per scrip on the NSE.
About Campus Activewear:
One of India’s biggest sports and athleisure footwear brands by value and volume is Campus Activewear. The company made its debut on the stock market in April 2022, with many brokers giving it a ‘Subscribe’ rating.
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