Meesho Files RHP, Issue To Open On December 3

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SUMMARY

Ecommerce major Meesho has filed its red herring prospectus (RHP) with markets regulator SEBI for its upcoming initial public offering (IPO)

The Bengaluru-based ecommerce company plans to raise up to INR 4,250 Cr via a fresh issue of shares. Alongside this, existing investors will sell up to 10.55 Cr shares via the offer for sale (OFS) component

The OFS will see participation from both founders, Vidit Aatrey and Sanjeev Kumar, who are looking to each sell up to 1.6 Cr shares each….



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Meesho Files RHP, Issue To Open On December 3


SUMMARY

Ecommerce major Meesho has filed its red herring prospectus (RHP) with markets regulator SEBI for its upcoming initial public offering (IPO)

The Bengaluru-based ecommerce company plans to raise up to INR 4,250 Cr via a fresh issue of shares. Alongside this, existing investors will sell up to 10.55 Cr shares via the offer for sale (OFS) component

The OFS will see participation from both founders, Vidit Aatrey and Sanjeev Kumar, who are looking to each sell up to 1.6 Cr shares each….



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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