Ratan Tata to sell all 77,900 shares in FirstCry at an average cost of ₹84.72 per share
Ratan Tata, who initially invested ₹66 lakh for a 0.02 per cent stake in FirstCry, is planned to sell all 77,900 shares at an average cost per share of ₹84.72, as per draft red herring prospectus filed with SEBI on Thursday.
issue fresh shares worth ₹1,816 crore, while existing investors will offload 54.39 million shares through Offer For Sale, according to the DRHP.
Who else are selling shares before FirstCry IPO?
Among the key sellers in the OFS are SoftBank's SVF Frog (Cayman) with 20.3 million shares, followed by Mahindra & Mahindra with 2.8 million shares, PI Opportunities Fund-1 with 8.6 million shares, TPG Growth V SF Markets Pte. with 3.9 million shares, and NewQuest Asia Investments with 3 million shares.
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