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Wednesday, May 28, 2025 9:30 GMT
Investcorp, a leading global alternative investment firm, has announced the sale of its entire stake in Citykart, one of India’s fastest-growing value retailers focused on Tier-2 and Tier-3 towns, to TPG NewQuest and A91 Partners. It represents the fifth full exit from the firm’s India Consumer Growth Portfolio (ICGP) and the sixth liquidity event for the India franchise in the past 32 months. The operating scale-up has seen the store network expand dramatically from 37 to 137 stores. This...More