Liquidity Events
TPG offloads Rs.1,505-Cr stake in Sai Life via block deals
TPG Growth, through its arm TPG Asia VII SF, has sold 2 crore shares (representing a 10% stake) in Sai Life Sciences through a block deal worth INR 1,505 crore. TPG Growth offloaded 2 crore shares in two tranches, priced at INR 722 apiece.With the stake sale, the shareholding of TPG's in Sai Life Sciences has now come down to 14.73% from 24.73%.
In Jun-18, Sai Life Sciences had raised over USD 145-M from TPG Growth and Others. The company went public on Dec-24, as part of which, the investor made a partial exit.For FY24, Sai Life Sciences had reported about INR 1,494.27 Cr in Operating Income and about INR 82.81 Cr in PAT.
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