Rentomojo IPO may unlock 152x gain for Nazara Tech founder Nitish Mittersain
· economictimes.indiatimes.com
Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mittersain stands to gain immensely, potentially realizing a staggering 152-fold return on his investment through the sale of some shares. The firm intends to utilize the proceeds from the fresh issue for debt clearance and boosting operational capacities.
Synopsis
Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mit...