AV Birla Group

AV Birla Group investment arm set for multi-bagger part exit from V-Mart IPO

26 July, 2012

Naman Finance & Investment Pvt Ltd, an investment entity of the $40 billion Aditya Birla Group (separate from Aditya Birla Private Equity), is set to make over 4x its investment as it looks to part-exit from V-Mart Retail, a value retailer focusing on tier II and tier III cities. V-Mart, which raised funding from Naman in 2008, has filed its draft red herring prospectus (DRHP) with market regulator SEBI earlier this week. The issue will see the company sell approximately 5.75 million shares or 32 per cent of post-issue stake.


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AV Birla Group’s investment arm part exits V-Mart at nearly 5x

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AV Birla Group investment arm set for multi-bagger part exit from V-Mart IPO

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