IPO-bound FirstCry's CEO offloads shares worth Rs. 300cr
Shortpedia
Content Team
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Supam Maheshwari, the founder and CEO of FirstCry, a popular omnichannel kidswear brand, has sold over 1% of his equity in the company. This move came just days before the filing of the IPO prospectus. Maheshwari's stake in the company dropped from 7.46% to 5.95%, resulting in the sale of 62 lakh shares. Based on the highest share price in the past year, this stake sale is estimated to be worth around Rs. 302 crore.
