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The Economic Times
The Economic Times
Debaroti Adhikary

FirstCry shares in focus ahead of Rs 300 crore Swara Baby stake sale via IPO

FirstCry IPO Brainbees Solutions OFS SEBI

The shares of Brainbees Solutions, the parent company of FirstCry, will remain in focus on Thursday after the company approved a plan to participate in the initial public offering (IPO) of its subsidiary, Swara Baby, by selling a stake worth Rs 300 crore through the offer for sale (OFS) component.

In an exchange filing released after market hours on Wednesday, FirstCry said its board had approved participation in the OFS component of the proposed IPO by selling shares with a face value of Rs 2 each, aggregating up to Rs 300 crore.

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