June 12, 2023

Go Fashion share price slumps 5% amid block deal buzz; check details

Source:

Key Topics in this News Article:

Apparel China Clothing India Indian Investment Sequoia Capital Venture Capital

News Snapshot:

Go Fashion share price slumped nearly 5% on Monday’s trade amid news of venture capital firm Sequoia Capital would sell all of its 10.18% stake in the parent company of Indian clothing brand Go Colours in a block deal today. Go Fashion shares opened at â‚¹1,150 apiece on BSE . The floor price for the stake sale will be â‚¹1,135 per share, which represents a 5% discount from the most recent closing price. According to the CNBC-TV18 report, the block deal will cost â‚¹624 crore in total. Up until the end of the previous year, Sequoia Capital owned a 13.8%…

View Original News Source →

LinkedIn
This field is for validation purposes and should be left unchanged.
Newsletter to Your Inbox
China intelligence delivered each week!
Your Email
Your Name
First Last
This field is hidden when viewing the form
Your Location
Consent
I agree to the privacy policy.

Go Fashion share price slumps 5% amid block deal buzz; check details

Newsletter to Your Inbox

China intelligence delivered each week!

KPR Mill declares second interim dividend in FY26. Check record date, other details

Check Your Apps: Google Removes 9 Million Android Devices From Secret Chinese Proxy, Check Details Here

Check Your Apps: Google Removes 9 Million Android Devices From Secret Chinese Proxy Network, Check Details Here

Shanghai’s Rise as a Global Jewelry and Fashion Hub Celebrated at First International Jewelry Fashion Theme Month

Thunderstone Acquisition Corp. (TDSTU) Sets Date for IPO Amid Market Buzz

Travel Food Services IPO Subscribed 13% So Far: Should You Apply? Check GMP, Price, Lot Size, Review