Ratan Tata to Unload Entire Stake in FirstCry IPO outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
FirstCry IPO to see Ratan Tata sell all his shares; SoftBank, M&M and TPG to also offload shares financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The average cost of acquisition of shares by Tata comes to Rs 84.72 per share, shows FirstCry s draft red herring prospectus (DRHP) filed with the market regulator Securities and Exchange Board of India (Sebi). His total investment in the company, therefore, comes to about Rs 66 lakh.
Omnichannel retailer FirstCry aims to raise Rs 1,816 crore through the issue of fresh shares, along with an offer for sale of more than 54 million shares. This will make FirstCry only the second Indian vertical ecommerce company to go public after Nykaa, which listed in 2021.