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Business & Finance
12 March 2024, 11:18 am 1 minute
Reuters exclusively reported that India’s Vishal Mega Mart is planning a $1 billion initial public offering that would value the budget supermarket chain at up to $5 billion with some of the proceeds earmarked to add stores.
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Market Impact
The plans come at a time when Indian stock markets are trading near record highs and the benchmark NIFTY index has climbed 12% over the last six months.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Retail & Consumer Goods
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Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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Customer Impact: Significant National Story
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