Home / Business and Economy / Hrithik Roshan Sells Cult.fit Stake in Upcoming IPO
Hrithik Roshan Sells Cult.fit Stake in Upcoming IPO
9 Jul
Summary
- Hrithik Roshan plans to sell 6,33,824 equity shares in Cult.fit.
- Roshan owns nearly 0.20 percent of Cult.fit's pre-IPO equity.
- Cult.fit aims to raise Rs 950 crore via fresh capital issuance.
Actor Hrithik Roshan is participating in an offer-for-sale (OFS) as part of fitness platform Cult.fit's upcoming Initial Public Offering (IPO). Roshan intends to sell 6,33,824 equity shares, signifying a partial monetization of his investment.
He currently holds approximately 19.01 lakh equity shares, representing about 0.20 percent of the company's pre-IPO capital. Following the sale, Roshan will continue to be a shareholder, underscoring his long-term commitment.
Cult.fit's IPO plan includes raising Rs 950 crore through a fresh capital issuance. Existing investors will also offer up to 17.86 crore equity shares for sale, with Roshan being one of them.
The financial valuation of Roshan's stake sale remains undetermined until the IPO's price band is announced. His partial stake sale suggests continued confidence in Cult.fit's future growth prospects.
