RK Swamy IPO: The IPO is a mix of a fresh issuance of shares worth Rs 215 crore and an offer-for-sale (OFS) of 87 lakh equity shares by promoters and investors
The initial public offering of the firm comprises a fresh issue aggregating up to Rs 215 crore and an offer for the sale of up to 8,700,000 equity shares by selling shareholders.
In July 2022, RK Swamy and BBDO (a leading network of the global Omnicon group) announced parting of ways after an alliance that lasted 37 long years. Under a new agreement, RK Swamy bought out BBDO’s stake in the joint entity and BBDO bought out RK Swamy’s stake in BBDO India.