Announced Wed, 1 Jul · 19:39 IST
FirstCry parent to sell up to Rs 300 cr shares in Swara Baby IPO via OFS
Capital Market Events View source PDF
FIRSTCRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹228.00
prior close
₹229.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.5-0.6-0.2-3.9-5.3-6.9-9.1-10.7-5.5-7.7———
Up moveDown movePending
AI summary
Brainbees Solutions (FirstCry) board approved selling shares worth up to Rs 300 crore in its subsidiary Swara Baby Products via the Offer for Sale route during Swara Baby's proposed IPO. Swara Baby will remain a subsidiary post-IPO. The IPO is subject to market conditions and SEBI, BSE, NSE and other regulatory approvals. Price and other IPO details will be decided later.
Likely market impact
Positive for FirstCry as it monetises stake in subsidiary. No equity dilution for FirstCry shareholders. Subject to regulatory approvals.