BlackBuck Co-founder Receives Rs 160 Crore Shares Pre-IPO

CosmicTaco · 2024-11-14T10:01:56.959363+05:30

* Rajesh Yabaji, co-founder of BlackBuck, received 5.85 million shares worth approximately Rs 160 crore ahead of the company's IPO. * The shares, representing a 3.6% shareholding, make Yabaji the single largest shareholder with a 14.45% stake pre-IPO. * The share transfer is seen as compensation for Yabaji's contribution to the company's growth. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/blackbuck-co-founder-rajesh-yabaji-receives-shares-worth-rs-160-crore-as-gift-ahead-of-ipo-12866480.html)

Rajesh Yabaji, co-founder of BlackBuck, received 5.85 million shares worth approximately Rs 160 crore ahead of the company's IPO.
The shares, representing a 3.6% shareholding, make Yabaji the single largest shareholder with a 14.45% stake pre-IPO.
The share transfer is seen as compensation for Yabaji's contribution to the company's growth.

Source: Moneycontrol