India: Retail pharmacy chain Wellness Forever plans $160m IPO

India: Retail pharmacy chain Wellness Forever plans $160m IPO

Bloomberg Creative Photos/Bloomberg

Wellness Forever, an omnichannel retail pharmacy chain backed by investors such as Adar Poonawalla of Serum Institute of India Ltd, has started working on an initial public offering (IPO) that will see it raise 1,000-1,200 crore, said two people aware of the development, on condition of anonymity.

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