Monday, February 19, 2024
Home News Campus Activewear shares tank 9% after TPG sold entire 7.62% stake

Campus Activewear shares tank 9% after TPG sold entire 7.62% stake

Following TPG’s block sale of its entire 7.62 percent stake in Campus Activewear, the company’s shares fell nearly 9 percent. For a total of Rs 806 crore, the major private equity firm sold 23.2 million shares at Rs 347.24 per share.

 

Fidelity and Societe Generale were among the buyers. On the NSE, the shoe manufacturer’s shares traded for Rs 1,229 crore, closing at Rs 338.

In May 2022, the campus was listed. The company had offered Rs 292 per share in its initial public offering. The stock reached Rs 640 after this. The organization was esteemed at Rs 10,321 crore at the last close.

 

The business had reported a net profit of Rs 48 crore on Rs 466 crore in revenue for the quarter that ended in December 2022.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments