Ratan Tata Exits FirstCry: What Does it Mean for India’s Baby Products Market?
Ratan Tata, the chairman emeritus of Tata Sons, is selling all of his 77,900 shares in FirstCry, the baby products company, through the upcoming initial public offering (IPO). Tata had invested Rs 66 lakh in FirstCry in 2016, and his stake is now worth about Rs 7 crore. The company is planning to raise Rs…