India: Manyavar owner Vedant Fashions planning IPO in second half of FY19

Photo: Mint.

The management of Vedant Fashions Pvt. Ltd, the owner of ethnic wear brand Manyavar, is evaluating an initial public offering (IPO) and is expected to soon initiate a formal process for the same, three people aware of the development said.

“They are expected to start a formal process to appoint bankers for the proposed Manyavar IPO, as early as next month,” said one of the people cited above, requesting anonymity as he is not authorized to speak with the media.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter