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More Retail eyes Rs 2,000 crore from IPO

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Kolkata: Grocery and food retail chain More is likely to raise Rs 2,000 crore through a primary issue in its proposed public offering, expected between April and Dec 2026.The promoters’ stake is likely to be diluted by 10% following the IPO, More CEO Vinod Nambiar said on Monday. Samara Capital and Amazon are the two main promoters of More, along with some HNIs and family offices. Samara holds 51% in the holding company of More Retail, while Amazon holds 48%. Samara bought More from Aditya Birla Group a few years back for Rs 4,300 crore. Samara and Amazon gave Rs 900 crore to More for funding losses.

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