By Kanchan Joshi | 01 Oct, 2021
Serum Institute to sell bulk of its stake as Wellness Forever files for IPO
Wellness Forever Medicare Ltd, an omni-channel retail pharmacy chain backed by Adar Poonawalla, has filed for an initial public offering (IPO) which will see its shareholder Serum Institute of India sell most of its shares.The IPO will consist of a fresh issue of Rs400 crore and an offer for sale of up to 16.04 million shares from existing shareholders and promoters. Serum Institute of India, whic...
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