Rashi Peripherals IPO: Madhuri Madhusudan Kela, Volrado Venture acquire ₹150 crore worth shares ahead of IPO

livemint.com:

₹150 crore of shares in the firm, said company's notice to investors on Financial Express (FE). Volrado Venture Partners Fund-III-Beta received 32,15,434 equity shares valued at ₹100 crore on January 17 at a price of ₹311 per share.

Then, Madhuri Madhusudan Kela, the wife of well-known investor Madhusudan Kela, bought 16,07,717 equity shares at the same price, which was worth ₹50 crore. Also Read: Rashi Peripherals to raise ₹750 cr in IPO “Pursuant to the resolutions of our board and shareholders each dated January 15, 2024, and the share subscription agreement each dated January 17, 2024 entered into by our company with each of, Volrado Venture Partners Fund III BETA and Madhuri Madhusudan Kela, our company has undertaken a pre-IPO placement of 4,823,151 equity shares aggregating up to ₹150 crore, and pursuant to a board resolution dated January 17, 2024, our board has allotted equity shares as part of the pre-IPO placement," "Exciting news! Mint is now on WhatsApp Channels