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India Business News: India has become one of Asia's most active IPO markets this year, driven by a surge in smaller deals. This trend is shifting as larger share sales eme
A flurry of small deals has made India one of Asias busiest IPO markets this year. Bigger share sales brighten the nations chances of attracting global funds as investors rotate money amid a patchy recovery in China.
May 6 Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has re-filed preliminary papers with Sebi to raise funds through an initial public offering, an update with the markets regulator showed on Monday.
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Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.