19 Jun, 2013
The Leela Palace, Bengaluru
Thursday, January 31, 2013 - 11:40 IST
AV Birla Group-backed V-Mart raises money from anchor investors
BY Madhav A Chanchani
AV Birla Group is set to make 3.5x at the upper end of the price band on its five-year-old investment in the retailer who focuses on tier II and tier III cities.
Delhi-based V-Mart Retail, a value retailer focusing on tier II and tier III cities, has raised Rs 14.16 crore from two anchor investors for its maiden public offering. The company is looking to raise up to Rs 96.6...
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