Investment banking sources confirmed this development and said the fashion retailer's initial public offering (IPO) is aiming to mobilise as much as $1 billion.
With this, VMM becomes the fourth company to opt for the confidential filing route. Tata Play was the first company to tap this route, first introduced in 2022. It, however, scrapped its IPO plan. Last year, Softbank-backed hotel aggregator Oyo also made a confidential filing for its IPO. Meanwhile, in April, delivery giant Swiggy took the pre-filing route for its IPO, whose size is pegged at $1.25 billion.
VMM is fully owned by private equity (PE) players. In 2014, Partners Group and Kedaara Capital had completed the acquisition of the fashionfocused retailer from TPG Capital and the Shriram Group.
هذه القصة مأخوذة من طبعة July 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 18, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
UP kicks off massive football infra upgrade
The Uttar Pradesh government planning develop is to 1,000 playgrounds and 18 stadiums to promote the state as a major football hub.
GPS data collection only on NHS, says govt amid privacy concerns
Amid concerns over data privacy in the proposed GPS-based toll collection system, also known as Global Navigation Satellite System (GNSS) toll collection, highways secretary Anurag Jain has clarified that data collection will only be limited to national highways.
LONELY IN THE CITY
Startups offering friendships, travel buddies, and companionship look to address loneliness, which WHO calls a public health concern
Margin woes, valuations to weigh on P&G Hygiene
From its highs over the past month, the stock of Procter & Gamble Hygiene and Healthcare fell 7 per cent before recovering this week.
Majority of Adani group stocks settle lower
As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze $311 million (2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group charge the conglomerate vehemently denied.
Sebi drops charges against NSE, former execs in colo case
Cites lack of evidence to support claims of collusion with OPG Securities
Growth, quality investing gain momentum, outdo value theme
The equity market is witnessing a significant shift in investment preferences, as 'growth' and 'quality' themes regain traction, outpacing the 'value' theme.
China raises retirement age for first time since '78
Move to help counter demographic headwinds, to be implemented voluntarily
Russia expels 6 UK diplomats over spying claims
Russia's FSB security service said on Friday it had revoked the accreditation of six British diplomats in Moscow after accusing them of spying and sabotage work, signalling the Kremlin's anger at what it sees as London's vital role in helping Ukraine.
I might be from the Mufti family but will have to earn my respect here'
It's 11 am on Saturday. Bijbehara, the family bastion of the Peoples Democratic Party (PDP) in southern Kashmir, is abuzz with loud songs and slogans blazing out of loudspeakers atop overcrowded load- carriers that follow a cavalcade of green fluttering vehicles. This is just another campaign day for ILTIJA MUFTI (pictured), a third-generation politician of the Mufti family contesting her maiden election. She is stepping into the shoes of her grandfather and PDP founder, Mufti Mohammad Syed, and mother, Mehbooba Mufti, both of whom started their political careers from the home seat of Srigufwara-Bijbehara. Following a door-to-door campaign, she speaks with Kaleem Geelani. Edited excerpts:
