TPG exits FirstCry in ₹202 crore bulk deal, selling full 2.21% stake

TPG sold 1.2 crore FirstCry shares at ₹175.15 each, exiting its entire 2.21% holding. Goldman Sachs Investments Mauritius bought 68 lakh shares worth ₹119 crore. The deal comes as FirstCry narrows losses and its Swara Baby Products unit files for a ₹1,000 crore IPO.

— Source publishedFri, 25 Sept, 2026, 00:24 IST·First seen Fri, 25 Sept, 2026, 01:01 IST·Source Inc42

What happened

TPG exited FirstCry through a ₹202 crore bulk deal, selling its full 2.21% stake. The omnichannel kids retailer remains loss-making but improved Q1 FY27 unit

Key facts

  • TPG sold its entire 2.21% stake, or 1.2 crore shares
  • Sale price: ₹175.15 per share
  • Bulk deal value: ₹202 crore
  • Goldman Sachs Investments Mauritius bought 68 lakh shares for ₹119 crore at ₹175 per share
  • Sale price was at a 2.4% discount to the previous close
  • FirstCry shares are down 37.4% year-to-date despite a 6.13% weekly gain
  • Q1 FY27 net loss narrowed 35% year-on-year to ₹44 crore from ₹66.5 crore
  • Q1 FY27 operating revenue rose 13% year-on-year to ₹2,106.2 crore
  • Swara Baby Products filed for a ₹1,000 crore IPO, comprising up to ₹500 crore fresh issue and up to ₹500 crore OFS
  • FirstCry closed at ₹179.40, down 0.66%

Why this matters

FirstCry’s improving financial trajectory and Swara Baby Products’ planned ₹1,000 crore IPO strengthen its capital-raising optionality, despite TPG’s complete stake sale.

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