FirstCry's Parent Brainbees Files IPO Papers With SEBI
The IPO comprises a fresh issue of equity shares aggregating up to ₹18,160 million and an OFS of up to 54,391,592 equity shares by selling shareholders
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The IPO comprises a fresh issue of equity shares aggregating up to ₹18,160 million and an OFS of up to 54,391,592 equity shares by selling shareholders
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Ratan Tata to sell all 77,900 shares in FirstCry at an average cost of ₹84.72 per share
New Delhi, Dec 28 (PTI) Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, on Thursday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
Besides, it plans investment in its subsidiary, FirstCry Trading, for overseas expansion; investment in its subsidiary, Globalbees Brands, towards the acquisition of additional stakes in its indirect subsidiaries; and sales and marketing initiatives. Get more Markets News and Business News on Zee Business.