By
Reuters
Published
Apr 17, 2012
Download
Download the article
Print
Text size

Indian jeweller Tribhovandas to launch $39 million IPO

By
Reuters
Published
Apr 17, 2012

MUMBAI - Indian jewellery retailer Tribhovandas Bhimji Zaveri Ltd will launch an initial public offering of shares on April 24, according to newspaper advertisements on Tuesday, a deal that sources said aims to raise up to 2 billion rupees ($39 million).


Photo: Tribhovandas Bhimji Zaveri

IDFC Capital and Avendus are book running lead managers for the issue, the advertisement said. The offering will close on April 26.

Tribhovandas, which sells gold and diamond jewellery, currently has 14 showrooms across India, according to its website.

© Thomson Reuters 2024 All rights reserved.