Cult.fit gets SEBI nod for proposed IPO
The company, formerly known as Curefit Healthcare, plans to raise Rs 950 crore through a fresh issue of equity shares, alongside an offer for sale (OFS) of up to 17.86 crore shares by existing shareholders.
Via Entrackr
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"Fitness and lifestyle platform Cult.fit has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company, formerly known as Curefit Healthcare, plans to raise Rs 950 crore through a fresh issue of equity shares, alongside an offer for sale (OFS) of up to 17.86 crore shares by existing shareholders. The proceeds from the fresh issue will be used to repay borrowings, set up new Cult Elite and Cult Neo fitness…
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