{
  "id": 9616541,
  "title": "TPG Exits FirstCry With ₹202 Cr Bulk Deal",
  "url": "https://urgent.news/2026/09/24/tpg-exits-firstcry-with-202-cr-bulk-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T18:54:11.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/tpg-exits-firstcry-with-%e2%82%b9202-cr-bulk-deal/"
  },
  "original_language": "en",
  "account": "Private equity firm TPG has sold its stake in Indian kids wear retailer FirstCry through a bulk deal amounting to ₹202 crore. TPG, via its entity NewQuest Asia Investments III Ltd, divested its entire 2.21% shareholding in the listed company by selling 1.2 crore shares at ₹175.15 per share. Goldman Sachs Investments Mauritius, on the other hand, acquired 68 lakh shares at ₹175 each, raking in a sum of ₹119 crore. The remaining shares' buyers are yet to be determined. TPG sold the shares at a 2.4% discount to the stock's last closing price on Thursday. TPG had invested in FirstCry in 2021 and has been gradually reducing its shareholding since the company's IPO in 2024. The exit comes as FirstCry faces selling pressure, with the stock up 6.13% in the past week but down 37.4% year-to-date. The PE giant likely capitalized on the recent stock surge to book gains. FirstCry continues to struggle as a loss-making company, spending heavily to compete in core categories while facing supply chain issues. Despite this, the company managed to reduce its net losses by 35% in Q1 FY27 to ₹44 crore, with operating revenue rising 13% YoY to ₹2,106.2 crore. FirstCry's subsidiary Swara Baby Products is also planning to file for a ₹1,000 crore IPO to offer a fresh issue of equity shares and an offer-for-sale component. On Thursday, FirstCry's shares closed 0.66% lower at ₹179.40 on the BSE.",
  "summary": "Private equity (PE) giant TPG has exited omnichannel kids wear giant FirstCry through a ₹202 Cr bulk deal. As per…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}