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An announcement from Princess Private Equity Holding ( (GB:PEY) ) is now available.
Partners Group Private Equity Limited (PGPE Ltd) announced the successful initial public offering (IPO) of its largest investee company, Vishal Mega Mart, on the National Stock Exchange and Bombay Stock Exchange in India. Vishal Mega Mart, a leading retailer targeting middle and lower-middle income consumers in India, priced its IPO at INR 78 per share, resulting in a fully diluted equity value of INR 370 billion. PGPE Ltd sold approximately 23% of its investment in Vishal, achieving a significant uplift in value. This development enhances PGPE Ltd’s exposure to the Indian retail market and reflects successful growth and value creation in Vishal, driven by economic and demographic trends in India.
More about Princess Private Equity Holding
PGPE Ltd, formerly Princess Private Equity Holding Limited, is an investment holding company founded in 1999 and based in Guernsey. The company invests in private equity direct investments and is managed by Partners Group, a leading global private markets investment management firm. PGPE Ltd is listed on the London Stock Exchange and aims to provide long-term capital growth and attractive dividend yields to its shareholders.
YTD Price Performance: 4.94%
Average Trading Volume: 51,484
Technical Sentiment Consensus Rating: Sell
Learn more about PEY stock on TipRanks’ Stock Analysis page.
