On his 86th birthday last Thursday, Ratan Tata announced his intention to sell his entire holding of 77,900 shares in the children’s products startup First Cry during its forthcoming IPO in 2024, as disclosed in the DRHP submitted to SEBI. Initially acquiring a 0.02% stake for 66 lakh rupees in FirstCry’s parent company, Brainless Solutions, in 2016, Tata’s average cost of acquiring shares amounted to 84.72 rupees per share.
