In today’s briefing:
- Zee Entertainment- What Lies Ahead?
- Brainbees Solutions (FirstCry) Pre-IPO – The Negatives – Not All of It Fits Together
Zee Entertainment- What Lies Ahead?
- We have been covering Zee Entertainment Enterprises (Z IN) during the entire merger saga and had already highlighted several financial and governance issues with the entire group.
- The $10 bn merger deal with Sony has now been terminated but it is not a surprise to us, considering the events that were unraveled in the last two years.
- But where does ZEEL go from here is a question that lacks some clarity. There are uncertainties looming around and ZEEL can face further brunt.
Brainbees Solutions (FirstCry) Pre-IPO – The Negatives – Not All of It Fits Together
- FirstCry is looking to raise up to US$700m in its upcoming India IPO.
- FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
- In this note, we talk about the not-so-positive aspects of the deal.
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