Private Equity

Liquidity Events

TPG sells residual stake in RR Kabel for Rs.958-Cr

Economic Times  

PE firm TPG Capital (via TPG Asia VII SF Pte Ltd) has sold its residual over 5% stake (about 56 lakh shares) in listed wire and cable manufacturer RR Kabel at INR 1,701 apiece fetching INR 958 crore.

In Sep-18, TPG had acquired around 20.44% stake in RR Kabel for INR 615 Cr. The company went public in Sep-2023 as part of which TPG made a part exit.