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IPO

Amazon-backed grocer More Retail plans IPO

Economic Times  

More Retail Pvt, an Indian grocery chain backed by Amazon.com Inc., is considering an initial public offering that could value the company at USD 5 Billion. More could raise USD 500 million in a listing, which would consist largely of new shares Witzig Advisory Services acquired More Retail in 2019 from Kumar Mangalam Birla's Aditya Birla Group. Witzig is owned by Amazon and Samara Capital Partners.