TA Associates divests 8% stake in Prudent Corp for Rs 414 crore

Private equity firm TA Associates on Tuesday divested an 8% stake in Prudent Corporate Advisory Services for Rs 414 crore through an open market transaction.

TA Associates through its arm TA FDI Investors Ltd offloaded shares of Prudent Corporate Advisory Services on the National Stock Exchange (NSE).

According to the bulk deal data available with the NSE, TA FDI Investors offloaded 33,12,534 shares, representing an 8% stake in Prudent Corporate Advisory Services.


The shares were disposed of at an average price of ₹1,250.04 apiece, taking the transaction value to ₹414.08 crore.

After the latest transaction, TA Associates' shareholding has declined to 7.04% stake from 15.04% stake. -PTI