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Goldman Sachs Buys FirstCry Stake as TPG Exits Investment
Goldman Sachs bought a large group of shares in Brainbees Solutions, the company behind FirstCry.
It paid ₹175 for each of 68 lakh shares.
The purchase was worth about ₹119 crore.
At the same time, TPG sold all of its FirstCry shares for about ₹202 crore.
TPG had owned 2.21% of the company.
FirstCry’s share price moved between ₹181.55 and ₹177 during the day.
Analysts said the share price is still falling overall.
They identified ₹200–205 as a level that may be difficult for the stock to cross and ₹160–165 as an important support range.
Goldman Sachs Investments Mauritius I Ltd bought 68 lakh Brainbees Solutions shares at ₹175 each on the NSE.
The Goldman Sachs transaction was valued at approximately ₹119 crore.
TPG’s investment arm sold its entire 2.21% FirstCry stake, or 1.2 crore shares, for about ₹202 crore.
FirstCry shares opened at ₹181.55 on the BSE and reached an intraday low of ₹177.
Analysts said FirstCry remains in a downtrend, citing resistance near ₹200–205 and support around ₹160–165.
- Who
- Goldman Sachs Investments Mauritius I Ltd bought shares in Brainbees Solutions, while TPG’s investment arm NewQuest Asia Investments III Ltd sold its FirstCry stake.
- What
- Goldman Sachs acquired 68 lakh shares for about ₹119 crore, while TPG exited its 2.21% holding through a ₹202 crore bulk deal.
- Where
- The Goldman Sachs transaction was conducted through a bulk deal on the National Stock Exchange, while FirstCry shares traded on the NSE and BSE.
- When
- The Goldman Sachs purchase took place on 24 September 2026; TPG’s sale was reported in connection with the same trading period.
- Why
- Goldman Sachs increased its investment after previously participating as an anchor investor in Brainbees Solutions’ IPO, while TPG sold its entire holding after gradually reducing its stake following FirstCry’s 2024 market debut.
Investment Activity
Market Caution
Institutional participation
Investment Activity
Goldman Sachs bought 68 lakh shares and had previously participated as an anchor investor in Brainbees Solutions’ IPO.
Market Caution
TPG sold its entire 2.21% holding, continuing its gradual reduction of FirstCry shares after the 2024 listing.
Share-price outlook
Investment Activity
The Goldman Sachs purchase represents continued institutional investment in the FirstCry parent company.
Market Caution
Analysts Sudeep Shah and Hitesh Rathi said FirstCry remains in an established downtrend, with no clear trend reversal.
Key price levels
Investment Activity
A move above the ₹200–205 zone would challenge the resistance identified by analysts.
Market Caution
Analysts said a decisive break below the ₹160–165 or ₹170–165 support bands could intensify selling pressure.
Key facts
- Buyer
- Goldman Sachs Investments Mauritius I Ltd
- Shares bought
- 68 lakh Brainbees Solutions shares
- Purchase price
- ₹175 per share
- Purchase value
- Approximately ₹119 crore
- Seller
- NewQuest Asia Investments III Ltd, TPG’s investment arm
- TPG holding sold
- 1.2 crore shares, representing 2.21% of FirstCry
- Technical outlook
- Analysts identified resistance at ₹200–205 and support around ₹160–165
Sources
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