FirstCry IPO: FirstCry CEO has also listed himself as a selling shareholder in the public issue, according to the company s Draft Red-Herring Prospectus (DRHP). He had 7.46 per cent stake in the company but after filing the draft IPO papers, his holding came down to 5.95 per cent stake.
According to the DRHP, Maheshwari held about 7.46% stake as a promoter 10 days before the company filed its IPO prospectus with Sebi. As on the date of filing the IPO papers, the stake was reduced to 5.95%, meaning there was a sale of 62 lakh shares.
The top 10 executives of Bhavish Aggarwal-led e-scooter manufacturer Ola Electric are sitting on a potential cash value of ₹16,792 crore, of which Aggarwal’s stake alone is worth a little more than ₹16,000 crore