New Delhi, Private equity major TPG on Thursday sold its entire 5 per cent stake in RR Cable for Rs 958 crore through an open market transaction.
US-based TPG sold R Cable shares in 21 tranches on BSE through its associate TPG Asia VII SF Pte.
As per block deal data available on BSE, TPG Asia VII SF Pte Sol holds 56,33,238 shares, which is 4.99 per cent stake in RR Kabel.
The shares were disposed of at an average price of Rs 1,701.1, taking the deal size to Rs 958.27 crore.
Buyers of RR Kabel shares include Mirae Asset Mutual Fund (MF), Tata MF, Edelweiss MF, HDFC Standard Life Insurance, Government Pension Fund Global, Societe Generale, Goldman Sachs Morgan Stanley Asia Singapore, Citigroup Global Markets and Blackstone.
Shares of RR Cable closed 0.06 per cent lower at Rs 1,717.15 on BSE.
US-based TPG sold R Cable shares in 21 tranches on BSE through its associate TPG Asia VII SF Pte.
As per block deal data available on BSE, TPG Asia VII SF Pte Sol holds 56,33,238 shares, which is 4.99 per cent stake in RR Kabel.
The shares were disposed of at an average price of Rs 1,701.1, taking the deal size to Rs 958.27 crore.
Buyers of RR Kabel shares include Mirae Asset Mutual Fund (MF), Tata MF, Edelweiss MF, HDFC Standard Life Insurance, Government Pension Fund Global, Societe Generale, Goldman Sachs Morgan Stanley Asia Singapore, Citigroup Global Markets and Blackstone.
Shares of RR Cable closed 0.06 per cent lower at Rs 1,717.15 on BSE.
