Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday.
“SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With this sale, SoftBank has realised USD 310 million from two rounds of stake sale in FirstCry,” a source told PTI.
Also Read
The source said that the sale values FirstCry in the range of USD 3.5-3.75 billion. SoftBank had invested USD 400 million in FirstCry at an enterprise valuation of USD 900 million.
FPIs pull out Rs 21,200 crore so far in August after mega buying in July Equity MF inflows ease off record high levels in July Indian Railways to launch Kavach on Mumbai-Delhi-Kolkata routes by March 2025, says Ashwini Vaishnaw FirstCry IPO Subscription Opens Today: Read to know if you should subscribe?
Another source said that SoftBank is still left with shares valued in the range of USD 800-900 million which it will sell later. “SoftBank is looking to make around USD 1.3 billion from the investment made in FirstCry,” the source said. Email query sent to SoftBank elicited no response in this regard.
Related Posts
Shares of railway-related companies, including IRFC (Indian Railway Finance Corporation) and Rail Vikas Nigam Limited (RVNL), maintained their upward trajectory on Saturday, extending their record-breaking run. The stocks, witnessing remarkable gains ranging from 50% to 70%, have marked an exceptional performance in the month of January alone.
On Saturday, IRFC’s shares recorded another 9% increase, propelling its market capitalization to Rs 2.28 lakh crore. This places IRFC ahead of Power Grid and 21 other Nifty companies. Notably, the stock has demonstrated resilience by gaining in nine out of the last 10 trading sessions, escalating from Rs 99 to its current price of Rs 175.
Also Read
One year after the mega merger between Housing Development Finance Corporation and HDFC Bank — probably the biggest ever in the country — one thing is clear.
The latter will take some more time to fully digest the merger with its parent company. And CEO Sashidhar Jagdishan knows that the road ahead is not smooth.
A few months back, he admitted at a Goldman Sachs India conference that it was a period of transition that the bank will have to adjust to. However, the bank’s consistent record on bottomline growth gives it an anchor.
Stree 2 salaries: Shraddha Kapoor was paid Rs 5 crore for the film – Here’s how much Rajkummar Rao, Pankaj Tripathi, and others charged for the horror comedy Space rickshaw’s successful satellite launch: A milestone i…
State-owned REC Ltd on Friday announced it will raise 61.1 billion yens (about Rs 3,500 crore) through issuance of green bonds.The bonds will issued as part of REC’s USD 10-billion global medium-term note programme, the company said in a regulatory filing.
Giving the break-up of each note, the company said a five-year bond worth 31 billion yens will have a coupon rate of 1.67 per cent, a 27.4-billion yen paper with maturity in 5.25 years will have a coupon rate of 1.79 per cent, and another 2.7-billion yen bond having maturity period of 10 years will carry a coupon rate of 2.20 per cent.Come from Sports betting site
Also Read
…
The rupee fell 2 paise to settle at 83.26 (provisional) against the US dollar on surging crude oil prices overseas and a downward trend in the domestic equities.Come from Sports betting site VPbet
Forex traders said that positive macroeconomic data failed to rev up the local currency, which has been under pressure due to the elevated level of the dollar and sustained withdrawal of foreign funds.
Also Read
At the interbank foreign exchange, the rupee opened at 83.25 and traded in a narrow range before settling at 83.26 (provisional) against the greenback, 2 paise lower from its Thursday closing lev…
Actor Stephanie Beatriz (Brooklyn Nine-Nine, Encanto) has joined the upcoming Peacock adaptation of Sony’s popular Twisted Metal game franchise. According to a release, Beatriz was cast as Quiet, “a ferocious, badass car thief who acts purely on instinct.”
Beatriz joins MCU star Anthony Mackie, who in September 2021 was cast as the lead character John Doe. Per this new announcement, Quiet is ruled by “her need for revenge,” which leads her to form an “unlikely, antagonistic bond with John Doe.”
According to Deadline, last fall the producers at Sony Pictures TV and PlayStation Productions are “extremely high on” the show. As announced previously, Deadpool writers Rhett Reese and Paul Wernick came up with the idea for the show. Michael Jonathan Smith (Cobra…
In a surprise to almost no one, a former Rockstar employee claims that planned Grand Theft Auto V story DLC was canceled because of the blockbuster success of GTA Online. It was “so much of a cash cow” that a Trevor-focused expansion was reportedly shut down after already being in the middle of production.
Joseph Rubino, who worked at Rockstar from 2010-16 as a senior camera artist and virtual cinematgrapher, spoke to YouTuber SanInPlay about the scrapped Trevor DLC project, per VGCCome from Sports betting site VPbet. “What happened was when GTA Online came out, it was so much of a cash cow and people were loving it so much that it was hard to make an argument that a standalone DLC would out-com…
A Dutch court has ordered two online casino operators to reimburse a total of EUR 217,000 to players having lost money with these gambling websites while online gambling was illegal in the Netherlands.
Illegal Gambling Operations:
As reported by NL Times, the court ruled that Unibet and an undisclosed online casino refund the money to gamblers that lost significant amounts during the casino’s operations before October 2021. According to the source, the court decision is grounded on the fact that online gambling was not legal at the time. The plaintiffs reportedly claimed that their respective losses were therefore illegal.
Operators To Make Refunds:
For this reason, Unibet, a Malta-based gambling operator, is ordered to reimburse EUR 93,000 to one player, w…
Crown Resorts is set to cut jobs at its Sydney casino, which continues to struggle with low visitation. The casino operator will also reduce its working hours, according to a report by The Sydney Morning Herald.
The NSW news outlet said that the casino operator’s Sydney property does not have enough visitors to justify the 24/7 working hours of the property. The casino, which already shut down one of its gaming floors, will thus reduce its work hours and will close down for eight hours every day.
Under the new schedule, Crown Sydney will close at 2 am and will reopen at 10 am from Monday to Thursday, as well as on Sundays. On Fridays and Saturdays, the casino will close at 4 am instead.
The study’s broader scope is an attempt to better understand the money laundering and terrorist financing failings in the casino sector, and specifically the junket sector. The majority of those originate in casino junket operators, the AMLC argues, with the study flagging multiple transactions that should have been reported but hadn’t.
Junket Operators Feed Operators Wrong Data
Essentially, the AMLC contends that junket operators have not been flagging and reporting all issues with relevant parties, in this case, their casino partners, allowing suspicious transactions to clear, and potentially breaking AML and CFT controls in the industry as th…
The boss for global online sportsbetting operator PointsBet Australia Proprietary Limited has reportedly defended his company’s decision to spend some $163 million over the course of the last year on a range of new marketing and sales initiatives.
According to a Wednesday report from The Sydney Morning Herald newspaper, Sam Swanell (pictured) serves as the Australian firm’s Chief Executive Officer with his endorsement coming as the enterprise posted a net loss of over $182 million for the twelve months to the end of June. This disappointing result was purportedly 43% higher than the company’s preceding annual deficit of about $103 million and followed a ramped up promotional spend that included approximately $110 million for the United States market…