IPO-Bound Zepto Pushing Backers To Offload $250 Mn Stake

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SUMMARY

The private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are in talks with the startup to buy its shares in a secondary share sale

The move is part of the quick commerce giant’s bid to increase the shareholding of Indian investors to nearly 50% from the current 33% ahead of its IPO

Previously, it was also reported that Zepto was holding discussions with Morgan Stanley and Goldman Sachs to helm its $800 Mn to $1 Bn IPO

With an eye on boosting domestic shareholding ahead of its…



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IPO-Bound Zepto Pushing Backers To Offload $250 Mn Stake


SUMMARY

The private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are in talks with the startup to buy its shares in a secondary share sale

The move is part of the quick commerce giant’s bid to increase the shareholding of Indian investors to nearly 50% from the current 33% ahead of its IPO

Previously, it was also reported that Zepto was holding discussions with Morgan Stanley and Goldman Sachs to helm its $800 Mn to $1 Bn IPO

With an eye on boosting domestic shareholding ahead of its…



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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