https://www.taxtmi.com/news?id=43492 More Retail intends to pursue an initial public offering to raise predominantly fresh equity capital, with promoters unlikely to sell significant shareholdings and an anticipated promoter dilution of about ten percent. The fundraising is designed to minimize an offer-for-sale component and to reflect continued promoter commitment. Proceeds are earmarked for aggressive store expansion and for reducing existing debt and debenture liabilities, with management linking the capital raise to targets of near debt-free status and progression to EBITDA- and PAT-level profitability alongside expansion of hybrid and dark-store operations and a deepening commercial partnership. en-us Mon, 12 May 2025 17:16:03 +0530 Mon, 12 May 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43492 More Retail intends to pursue an initial public offering to raise predominantly fresh equity capital, with promoters unlikely to sell significant shareholdings and an anticipated promoter dilution of about ten percent. The fundraising is designed to minimize an offer-for-sale component and to reflect continued promoter commitment. Proceeds are earmarked for aggressive store expansion and for reducing existing debt and debenture liabilities, with management linking the capital raise to targets of near debt-free status and progression to EBITDA- and PAT-level profitability alongside expansion of hybrid and dark-store operations and a deepening commercial partnership. News - Mon, 12 May 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=43492