Key Points
NEW DELHI: Brainbees Solution, which operates omnichannel businesses of kidswear under the brand name FirstCry, has filed papers for its initial public offering (IPO) with markets regulator Sebi...
In the IPO, Brainbees will sell shares worth Rs 1,816 crore ($218 million) and existing investors, including SoftBank, will sell up to 54.4 million shares...
Mahindra & Mahindra (M&M) plans to sell up to 28.06 lakh shares of the company in the IPO...
"As part of the proposed Brainbees IPO, the Company has offered upto 28,06,174 Equity Shares of Rs 2 each representing up to 0.58% of the existing Issued and Paid-up Equity Share Capital of Brainbees for sale," M&M said.. M&M board had approved divestment of up to 94,46,156 shares or 2% equity in the online kidswear store...
"The selling price per equity share will be fixed by Book Building Process as may be decided by Brainbees and the Selling Shareholders, in consultation with the Book Running Lead Managers and the actual number of shares of Brainbees that would be divested by the Company will be determined towards the end of the Book Building Process," the company said...
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