India’s Vishal Mega Mart plans $1 billion IPO

Business and Finance

Reuters exclusive report India’s Vishal Mega Mart plans a $1 billion initial public offering that would value the budget supermarket chain at as much as $5 billion, with part of the proceeds earmarked for adding stores.

market impact

The plan comes as Indian stocks trade near record highs and the benchmark NIFTY index has risen 12% in the past six months.A

Article tags

Topics of interest: Business and Finance

type: Reuters Best

department: Retail & Consumer Goods

area: Asia

nation: India

Winning type: exclusivity

Story type: exclusive/exclusive report

media type: text

Customer Impact: important national stories

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By Ali Raza

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