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SEBI had sought 25 KPIs, of which FirstCry provided only 5-6 in its first set of filings. The refilling will reflect FirstCry's updated performance, until December 2023, instead of September 2023, as was the case earlier.
Manipal Group chairman Ranjan Pai is likely to pick up a stake in FirstCry, as part of a secondary share sale. Pais Rs 250 crore investment could come at a valuation of about $3 billion for the Pune-based ecommerce firm looking to file its draft IPO papers before the end of this year. All this and more in todays Morning Dispatch.