Private equity firm TPG has sold a 7.6 per cent stake in Campus Activewear for Rs 806 crore through an open market transaction. TPG through its affiliate TPG Growth III SF Pte offloaded the shares in Campus Activewear.
According to the bulk deal data available on the National Stock Exchange (NSE), TPG Growth III SF Pte sold 2,32,07,692 shares, amounting to a 7.62 per cent stake in the firm. The shares were disposed of at an average price of Rs 347.24 apiece, taking the transaction value to Rs 805.86 crore.
Campus Activewear manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops and Sandals in multiple colours and styles at affordable prices.
