IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail, an organised food, grocery and value-fashion retailer, has received approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), according to an update on the capital markets regulator’s website on Friday.The proposed IPO of the Hyderabad-based company comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up to 1.49 crore equity shares by the promoter selling shareholde…


