New IPO: Famous cricketer Sachin Tendulkar has invested in another company. With this, the company has started preparations to bring IPO in the market. There is already enthusiasm among investors regarding this IPO. It is expected that this IPO will get tremendous response in the market. The IPO of Sachin's investment company Azad Engineering came only last week and its listing is going to happen on December 28.
Soft Bank Vision Fund reduced its stake in the company
FirstCry, a company that makes products for the care of mothers and children, has started preparations for an IPO. The IPO of its e-commerce platform will come early next year. Recently Softbank Vision Fund had reduced its stake in this company. Softbank was the largest shareholder of First Cry. Due to this, many people including Sachin got the opportunity to buy its stake.
Ravi Modi, Chris Gopalakrishnan and TVS Group also became shareholders
According to the report of Economic Times, apart from Sachin Tendulkar, Ravi Modi of Manyavar, Chris Gopalakrishnan of Infosys and TVS Group Family have bought equity shares in First Cry. Soft Bank's share in the company is now less than 25 percent. By selling stake, it has got about Rs 600 crore even before the IPO. Till a few years ago, its share was around 30 percent.
Manipal, Marico and DSP have also bought stake
In August, Manipal Group's Ranjan Pai, Merico's Harsh Meriwala and DSP's Hemendra Kothari had bought stake in First Cry. Soft Bank had invested approximately $400 million in the company in 2020.
First Cry's IPO will come after Lok Sabha elections
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