Aditya Birla-backed V-Mart raises $2.6m from anchor investors
Aditya Birla-backed V Mart Retail, a budget Indian retailer, has raised INR141 million ($2.6 million) from anchor investors, after finalizing the allocation of 674,000 shares at INRR210 apiece.
According to a regulatory filing, IDFC Premier Equity Fund purchased 64.70% of the shares, with Morgan Stanley Mutual Fund taking the remainder. Delhi-based V-Mart operates a chain of 59 medium-sized...
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