Private Equity

Liquidity Events

TPG Growth sells Nykaa shares worth Rs.202-Cr; registers 9.52x return

Stock Exchange Data  

TPG Growth has sold shares of publicly listed FSN E-Commerce Ventures Ltd (which owns beauty products retail brand Nykaa) worth INR 202.11 crore. Post the sale, TPG would hold 1.90% stake in the company.

From the Venture Intelligence PE-VC Deal Database: In Mar 2019, TPG Growth had invested INR 112.71 crore in Nykaa. Subsequently it invested more in the company which went public in Nov 2021.