Home and furnishings company Wakefit Innovations Ltd has mobilised Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, ahead of its initial share-sale opening for public subscription.
As a part of the transaction, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B collectively purchased 95.57 lakh equity shares at Rs 195 apiece, according to a public announcement by Wakefit.
Individually, Steadview Capital picked up shares worth Rs 101 crore, WhiteOak invested Rs 72 crore, and Capital 2B infused Rs 13 crore.
These shares were purchased from Peak XV Partners, Redwood Trust and Verlinvest SA, and secondary share transfers were completed on December 3 and 4.
Following this round, Wakefit on December 5 collected Rs 580 crore from anchor investors, including HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds New Silk Road, HDFC Mutual Fund, and Axis Mutual …Home and furnishings company Wakefit Innovations Ltd has mobilised Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, ahead of its initial share-sale opening for public subscription.
As a part of the transaction, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B collectively purchased 95.57 lakh equity shares at Rs 195 apiece, according to a public announcement by Wakefit.
Individually, Steadview Capital picked up shares worth Rs 101 crore, WhiteOak invested Rs 72 crore, and Capital 2B infused Rs 13 crore.
These shares were purchased from Peak XV Partners, Redwood Trust and Verlinvest SA, and secondary share transfers were completed on December 3 and 4.
Following this round, Wakefit on December 5 collected Rs 580 crore from anchor investors, including HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds New Silk Road, HDFC Mutual Fund, and Axis Mutual … Latest News [ SOBAN NEWS: International and National ]
