Actor Hrithik Roshan will partially exit his investment in Cult.fit by selling around 6.33 lakh shares through the company’s upcoming initial public offering (IPO).
The fitness and wellness platform has filed draft papers to raise ₹950 crore through a fresh issue, along with an offer for sale by existing shareholders. Hrithik, an early investor and the brand’s ambassador, will retain a stake even after the sale.
The IPO marks a major milestone for Cult.fit as it looks to expand its business and strengthen its presence in India’s growing fitness and wellness market.