FirstCry Shut 38 Stores In Q3, To Invest INR 300 Cr In Subsidiary

FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited (DARP)

The investment will be made through subscription to equity shares of DARP in one or more tranches in the ongoing financial year

The funding will comprise INR 254.6 Cr from the proceeds of its initial public offering (IPO) and about INR 45 Cr from internal accruals

Kids-focussed omnichannel retailer FirstCry will infuse about INR 300 Cr in its wholly owned subsidiary, Digital Age Retail Private Limited…