Cult.fit Receives SEBI Observations for Proposed Rs 950 Crore IPO
A media report says SEBI has issued observations on Cult.fit’s proposed IPO. The company plans a Rs 950 crore fresh issue alongside an offer for sale.
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Cult.fit Receives SEBI Observations for Proposed IPO
The proposed offering includes a fresh issue of up to Rs 950 crore and an offer for sale of 17.86 crore shares. Proceeds are intended for debt repayment and expansion of fitness centres and Cultsport outlets.