Home Retail Mudra Lifestyle to take the IPO route

    Mudra Lifestyle to take the IPO route

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    Ltd has planned to come out with its initial public offer (IPO) to raise funds for its future expansion plans.

    The company has laid out a plan to invest around Rs 177.4 crore for expansion. It is expected to raise over Rs 77 crore from the IPO. Sources have confirmed that the company will expand its facilities and set up an integrated unit with yarn dyeing, weaving, process house and garment near Bangalore and Tarapur.