FirstCry Shut 38 Stores In Q3, To Invest INR 300 Cr In Subsidiary

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SUMMARY

FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited (DARP)

The investment will be made through subscription to equity shares of DARP in one or more tranches in the ongoing financial year

The funding will comprise INR 254.6 Cr from the proceeds of its initial public offering (IPO) and about INR 45 Cr from internal accruals

Kids-focussed omnichannel retailer FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited…



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FirstCry Shut 38 Stores In Q3, To Invest INR 300 Cr In Subsidiary


SUMMARY

FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited (DARP)

The investment will be made through subscription to equity shares of DARP in one or more tranches in the ongoing financial year

The funding will comprise INR 254.6 Cr from the proceeds of its initial public offering (IPO) and about INR 45 Cr from internal accruals

Kids-focussed omnichannel retailer FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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