IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
60-Word AI Digest
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
Key Takeaways
- Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares.
- The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
- Full details and original dispatch available below.
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
Original Publisher Attribution
This summary was curated from Economic Times.