Kolkata: Grocery and food retail chain More is likely to raise Rs 2,000 crore through a primary issue in its proposed public offering, expected between April and Dec 2026.
The promoters' stake is likely to be diluted by 10% following the IPO, More CEO Vinod Nambiar said on Monday. Samara Capital and Amazon are the two main promoters of More, along with some HNIs and family offices. Samara holds 51% in the holding company of More Retail, while Amazon holds 48%. Samara bought More from Aditya Birla Group a few years back for Rs 4,300 crore. Samara and Amazon gave Rs 900 crore to More for funding losses.
The promoters' stake is likely to be diluted by 10% following the IPO, More CEO Vinod Nambiar said on Monday. Samara Capital and Amazon are the two main promoters of More, along with some HNIs and family offices. Samara holds 51% in the holding company of More Retail, while Amazon holds 48%. Samara bought More from Aditya Birla Group a few years back for Rs 4,300 crore. Samara and Amazon gave Rs 900 crore to More for funding losses.
You may also like
Renowned car racer latest victim of Pakistan's 'kill and dump' policy in Balochistan
Tamil Nadu records 98.48 pc pass percentage in CBSE class 12 exams
Thames Water boss issues stark warning on restrictions after dry spring
Police File Case Against Teacher For Assaulting 20-Year-Old Divyang Student In Noida
Shourya Ambure's winning return to Patna comes with greater maturity and Asian medal
