TPG likely to sell 6% stake in Sai Life Sciences at estimated price of Rs 885 crore in block deal: Report
TPG to sell part of its stake in Sai Life Sciences for $102 million, even as the company reports 57% profit growth in Q4FY25.
Global asset manager TPG plans to offload 12.5 million shares (6% stake) in Sai Life Sciences for $102 million. The deal comes at a 2.5% discount, with a 60-day lock-in. Sai posted strong Q4 profit and revenue growth.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Global assets management company TPG is likely to sell 12.5 million shares representing 6% stake Sai Life Sciences at an estimated deal size of $102 million (Rs 885 crore), according to a report. The base price of the deal is likely at Rs 710 per share which is a discount of 2.5% over the current market price.There will be a 60-day lock-in period for the seller, a CNBC-TV18 report said, citing sources.TPG held over 5.15 crore equity shares in the company as on March 31, 2025 through TPG Asia VII SF PTE Ltd, which accounts for a 24.73% stake in this smallcap company. The market capitalisation of the company is at Rs 15,230 crore. The stock of Sai Life Sciences was listed on the exchanges on December 18, 2024.The stock has declined nearly 4% since its listing and on the year-to-date basis. This is an underperformance versus Nifty which has given returns of 5% and 4%, respectively.Sai Life Sciences is a contract research, development, and manufacturing organisation (CRDMO) among listed Indian peers. The company has operations in the UK, the USA and Japan.The company reported a 57% year-on-year profit in its Q4FY25 net profit at Rs 88 crore versus Rs 56 crore reported in the year ago period. The total revenue from operations in the January-March quarter of FY25 stood at Rs 589 crore, which was growth of 33% versus Rs 443 crore posted by the company in the corresponding quarter of the previous financial year.According to Trendlyne data, shares of Sai Life Sciences are trading above its 50-day and 100-day simple moving averages (SMAs) of Rs 726 and Rs 714, respectively.The stock has been quite volatile since the last 3 months. Its 1-year beta is at 1.4.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
24 minutes ago
- Indian Express
Solution to import dependence on vegetable oil does not lie in hiking MSP
India's pulses and vegetable oil imports touched a record 7.3 million tonnes (mt) and 16.4 mt, valued at $5.5 billion and $17.3 billion respectively, in 2024-25. Some of that may have had to do with the strong El Niño-induced drought of 2023-24, whose effects on food inflation extended right up to December 2024. It forced large-scale imports — in the case of pulses, from an average of 2.6 million during 2018-19 to 2022-23 to 4.7 mt and 7.3 mt in the following two fiscals. But the same cannot be said about vegetable oil imports, which have more than doubled from 7.9 mt in 2013-14. It's quite possible that pulses imports will reduce considerably in the current fiscal, assuming a normal monsoon. But that's unlikely with vegetable oils, where rising imports have attained a structural inevitability similar to petroleum crude and natural gas. In pulses, scientists have bred shorter-duration chana (chickpea) and photo-thermo insensitive moong (green gram) varieties, enabling farmers to grow these with minimal irrigation or in all four seasons. Much of the increased domestic pulses production after 2015-16, notwithstanding the setbacks of the last two years, has been courtesy of chana and moong. It has, then, limited the need for imports mainly to arhar (pigeon-pea) and urad (black gram): In a normal year, India can produce roughly 90 per cent of its consumption requirement. Such effort has been woefully lacking in oilseeds. Take soyabean, where the average per-hectare yield in India is hardly one tonne, compared to 2.6 tonnes in Argentina and 3.4-3.5 tonnes in Brazil and the US. Not allowing genetic modification in soyabean or mustard, with potential for raising yields, hasn't helped either. It's not surprising that the import dependence in vegetable oils is well over 60 per cent — and, at the current pace, set to rise further. The solution does not lie in hiking minimum support prices (MSP). MSPs have no meaning unless accompanied by physical procurement as with rice and wheat. But even that has limitations. The latest MSP for soyabean, at Rs 5,328 per quintal or $615 per tonne, is way above the landed cost of $400-450 for the same from Brazil and the US. What the government can do is to assure oilseeds and pulses farmers of a minimum income support, while setting this at a reasonable level that incentivises them to grow and even expand acreages under these crops. But there is no substitute ultimately for increasing yields and reducing cultivation costs — which has unfortunately not happened in oilseeds, unlike with rice, wheat or sugarcane.
Hans India
25 minutes ago
- Hans India
Strong demand, stable activity in economy
India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday. The report highlights that several positive trends are emerging on the domestic front, including higher GDP growth, easing inflation, and strong tax GDP grew by 7.4 per cent in the fourth quarter of FY25, which is the highest reading in the last four has remained below 4 per cent for four consecutive months, and GST collections have been rising steadily. These signs indicate strong demand and stable activity in the formal sector of the report also notes that India's policy environment is now moving in a unified direction. Fiscal, monetary, and regulatory policies are all aimed at maintaining growth increased tax exemption limits that came into effect from April 2025 are expected to improve disposable incomes and boost the same time, the government's capital expenditure continues to rise, supporting the investment the global front, the environment remains mixed. In April and May, markets faced worries over tariffs and geopolitical tensions. However, the situation improved with a delay in global tariff implementation and a ceasefire announcement between India and Pakistan. This improved global sentiment has helped global equity markets, with the MSCI World Index reaching record highs. Meanwhile, rising bond yields in Japan and China's shift towards gold show that global investors are moving away from US could become a concern as the US faces refinancing of $9 trillion in debt this a weaker Dollar Index could help emerging markets like India by attracting more foreign investments. In the Indian stock market, valuations have increased as earnings have not grown at the same Nifty-50's one-year forward valuation has risen above its long-term average, and mid and small-cap stocks continue to trade at a premium. This makes careful stock selection and active management more important for investors looking to generate higher returns, the report stated.
Scroll.in
28 minutes ago
- Scroll.in
Prajwal Bhat
Stories written by Can Zohran Mamdani, the first South Asian to run to be New York mayor, pull off an upset? He's got slick campaign videos and a progressive agenda. But can the 33-year-old politician convince voters that he's got what it takes to run the complex city? Prajwal Bhat · 20 minutes ago Firms linked to Keventer group bought electoral bonds worth Rs 600 crore while it faced ED probe This would make the Keventer group the third-largest purchaser of the bonds. Prajwal Bhat , Sachi & Project Electoral Bond · Mar 15, 2024 · 08:21 pm
