Grocery chain More Retail is considering an initial public offering (IPO) to raise as much as $500 million (₹3,780 crore), Bloomberg reported. The listing will likely consist largely of new shares and could value the company at $5 billion (₹37,800 crore). Amazon and Samara Capital Partners acquired More Retail from billionaire Kumar Mangalam Birla's Aditya Birla Group in 2019.