Supam Maheshwari, cofounder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company s initial public offer (IPO).
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.
Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company's initial public offer (IPO).According to a MoneyControl report, Maheshwari's .
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.