Liquidity Events
TPG exits Sai Life Sciences; sells 14.7% stake for Rs.2,676-Cr
TPG Asia, an affiliate of the global private equity firm TPG, has exited Hyderabad-based contract research, development, and manufacturing organisation (CRDMO) Sai Life Sciences by selling its 14.72% stake for INR 2,675.6 crore via open market transactions.TPG Asia VII SF sold the stake in three tranches of 1,02,35,611 crore shares each at INR 871.86, INR 871.18, and INR 871.01 per share, respectively, totalling 3,07,06,833 shares (14.72% shareholding).The exit was made with gains of around INR 2,285 crore, as the firm’s average acquisition cost for 3.07 crore shares was INR 127.27 per share, totalling INR 390.8 crore.TPG held 7.47 crore shares (38.83% stake) in Sai Life just before the company’s IPO in December 2024. As part of the IPO, it sold 2.3 crore shares. Since then, including the latest share sale, it has steadily offloaded the remaining 24.78%.
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