scorecardresearchCampus Activewear slumps over 8% on large block deal; TPG Global likely

Campus Activewear slumps over 8% on large block deal; TPG Global likely offloaded stake

Updated: 24 Mar 2023, 10:35 AM IST
TL;DR.

The shares of the company are trading at high volume of 29.6 million with a price loss of 7.93%.

Campus Activewear: The stock price has fallen 2.1% and underperformed its sector by 2.1% in the past week.

Campus Activewear: The stock price has fallen 2.1% and underperformed its sector by 2.1% in the past week.

Shares of Campus Activewear Ltd slumped over 8% in early trade on Friday after 8.1% equity of the company changed hands in a large block deal. 

Reports earlier said that TPG Global would sell its complete 7.6% stake in the company through a block deal today.

According to reports, the American alternative asset management company was to sell 2,32,07,692 shares of the company, with a floor price of 345 per share. 

TPG Growth, the growth equity platform of TPG Global, and QRG, the family office of the promoters of Havells Group, acquired a 20% stake in the firm in September 2017. Then, the company was valued at 1,500 crore.

The stock has fallen 46.67% from its 52-week high of 639.3 recorded on October 19, 2022. The stock price fell 2.1% and underperformed its sector by 2.1% in the past week.

Article
Last five trading sessions of Campus Activewear

The shares of the company are trading at high volume of 29.6 million with price loss of 7.93%.

As on today, the stock is up 17.1% from its IPO price. 

According to a MintGenie poll, 5 analysts on an average recommend 'buy' rating for the stock.

Also Read: Knowing the difference: Bulk deals and block deals

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First Published: 24 Mar 2023, 10:35 AM IST