BENGALURU (Reuters) – Indian online retailer Firstcry filed for an initial public offering on Thursday, its draft papers showed.
Firstcry’s parent Brainbees Solutions will sell shares worth 18.16 billion rupees ($218 million) and existing investors, including SoftBank, will sell up to 54.4 million shares. ($1 = 83.2780 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D’Souza)
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Source: The Print
