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Poonawalla-backed Wellness Forever to file papers for ₹1,600-cr IPO: Report
short by Krishna Raj / on Tuesday, 14 September, 2021
Mumbai-based retail pharmacy chain Wellness Forever will file draft documents with market regulator SEBI for its initial public offering (IPO) by September-end, Moneycontrol reported. The firm, which is backed by Serum Institute of India's CEO Adar Poonawalla, plans to raise ₹1,500 crore to ₹1,600 crore through the IPO, it added. The firm plans to expand to 1,000 stores by 2023.
read more at Moneycontrol