US EditionSai Life Sciences Block Deal: TPG Offers To Sell 6% Stake For Rs 888 Crore
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Sai Life Sciences Block Deal: TPG Offers To Sell 6% Stake For Rs 888 Crore
US private equity firm TPG, a prominent public shareholder of Sai Life Sciences Ltd., is set to offload 1.25 crore shares for Rs 888 crore on Friday, according to a term sheet accessed by NDTV Profit on Thursday.TPG affiliate TPG Asia VII SF Pte will sell 6% of its shareholding in the company for Rs 710 per equity share, which is 2.5% discount to last closing price on the NSE. The lock-up period on remaining equity will be 60 days.The public sha…
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