Swiggy Set For Rs 10,000 Cr Share Sale Next Week: Reports
Last month, the board of the company approved raising upto Rs 100 billion through a qualified institutional placement
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Jeff Bezos Sells $2 Billion Worth Of Amazon Shares
- by BW Retail World Bureau
- February 12, 2024
Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for over USD 2 billion, according to a company filing on Friday, shortly after laying out a plan to sell his shares over the next year. The sale took place on Wednesday and Thursday, according to the fillings. Last week, Amazon […]
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FirstCry CEO Sells Over Rs 300 Cr Stock Ahead IPO
- by BW Retail World Bureau
- January 9, 2024
Supam Maheshwari, CEO, and Co-founder of the mother and child care ecommerce platform FirstCry, purportedly sold 6.2 million shares before the company’s upcoming initial public offering (IPO). Media sources estimate the value of the shares he sold to be more than Rs 300 crore. Maheshwari, named as a selling shareholder in the draft red-herring prospectus […]
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Adani Wilmar To Divest 1.6 Cr Shares To Meet SEBI Compliance, Adjusting Promoter Stake
- by BW Retail World Bureau
- December 25, 2023
Adani Wilmar’s plan to meet the minimum public shareholding requirement involves its two promoter entities, Adani Commodities and Lence Pte, intending to sell approximately 1.6 crore shares, which represents 1.24 per cent of the company. This move aligns with regulatory obligations set by the Securities and Exchange Board of India, mandating companies to maintain a […]