Economy
Goldman Sachs Acquires Stake in FirstCry Parent Brainbees
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THE BRIEF
1
Goldman Sachs Investments Mauritius acquired 68 lakh shares of FirstCry's parent firm, Brainbees Solutions, at ₹175 per share via a bulk deal worth around ₹119 crore.
2
Private equity firm TPG exited FirstCry by selling its entire 2.21% stake comprising 1.2 crore shares at ₹175.15 per share through a ₹202 crore bulk deal.
3
Analysts from SBI Securities and Angel One noted that FirstCry shares continue to trade in a downtrend below key moving averages with immediate support near the ₹160 to ₹165 range.