PE firm TPG Asia is reportedly selling its entire stake in R R Kabel Limited (NSEI:RRKABEL) through block deals. According to media reports, TPG Asia will offload about 5% stake or just over 5.6 million shares at around INR 1,718 apiece. This values the deal at around INR 10,000 million.

TPG Asia had acquired around 21% stake in RR Kabel five years before the IPO, which was launched in late 2023. Since then, the PE firm has gradually cut its stake in the company. On May 29, 2024, shares of RR Kabel closed 5% lower at INR 1,723 on NSE.