India's Campus Activewear hits over 8-month low after report on TPG Global's stake sale

Campus Activewear

24/03/2023 04:31

** Shares of Campus Activewear  CAMU.NS  falls as much as 6.3% to 347 rupees
    ** Stock hits its lowest level since July 6, 2022, and on track for a third
session of losses if trends hold
    ** Stock falls after media report says TPG Global plans to offload its
entire 7.6% stake in co through block deal
    ** Both Campus Activewear and TPG Global did not immediately respond to
Reuters' request for comment
    ** Stock witnesses its most active session since listing, with 28.1 mln
shares change traded by 9:40 a.m. IST
    ** Average rating of five analysts at equivalent of 'buy' with median PT of
470 rupees - Refinitiv data
    ** Stock lost 10.4% YTD as of last close, extending a ~15.8% fall in 2022

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))