Meesho Gets Board Nod To Raise INR 4,250 Cr Via IPO

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SUMMARY

Meesho’s board has approved the company to raise NR 4,250 Cr via fresh issue of shares through its public listing

The board has also reappointed Meesho’s founder Vidit Aatrey as the chairman,MD and CEO of the company

Earlier this week, Meesho shifted its domicile back to India

Ecommerce giant Meesho’s board has approved raising up to INR 4,250 Cr (around $500 Mn) via a fresh issue in its initial public offering (IPO).

As per the company’s regulator filings, the…



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Meesho Gets Board Nod To Raise INR 4,250 Cr Via IPO


SUMMARY

Meesho’s board has approved the company to raise NR 4,250 Cr via fresh issue of shares through its public listing

The board has also reappointed Meesho’s founder Vidit Aatrey as the chairman,MD and CEO of the company

Earlier this week, Meesho shifted its domicile back to India

Ecommerce giant Meesho’s board has approved raising up to INR 4,250 Cr (around $500 Mn) via a fresh issue in its initial public offering (IPO).

As per the company’s regulator filings, the…



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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