Urban Company founders sell Rs 780 crore worth of shares through multiple pre-IPO secondary deals
Founders used a portion of the Rs 780 crore raised through secondary share sales to fully pay for shares allotted to them in a 2019 rights issue. These shares were initially issued on a partly paid-up basis and required full payment ahead of the IPO.
Founders used a portion of the Rs 780 crore raised through secondary share sales to fully pay for shares allotted to them in a 2019 rights issue. These shares were initially issued on a partly paid-up basis and required full payment ahead of the IPO.
What's Your Reaction?
