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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company will raise Rs 2,150 crore through a fresh issue while institutional investors and promoters will be offloading 127.5 million equity shares via an offer for sale.
Eyewear retailer Lenskart Solutions has finally jumped on the initial public offering bandwagon. It reportedly aims to raise around Rs 7,278 crore ($871 million) through an IPO that kicks off on 31 October.
The Gurugram-headquartered company, which was started in 2010, is backed by investors such as Temasek, Kedaara Capital, ADIA and SoftBank. It is valued at around Rs 70,000 crore (about $8 billion), per media reports.
The company is hoping to raise Rs 2,150 crore (around $257 million) through fresh proceeds while institutional investors and promoters will be offloading 127.5 million equity shares via an offer for …
