Marri Retail wins SEBI nod for Rs 522 crore IPO to cut debt, expand store network
SEBI cleared Marri Retail's IPO among five firms this week. The apparel-and-jewellery player behind The Chennai Shopping Mall, JC Brothers and Marri Gold plans a fresh issue of up to Rs 522 crore plus a 2.7 crore-share OFS, using proceeds to repay debt and grow its southern and western India footprint.
SEBI cleared five IPOs including apparel and jewellery retailer Marri Retail (Chennai Shopping Mall, JC Brothers, Marri Gold), which plans Rs 522 crore fresh issue to repay debt and expand its southern/western India store network.