V-Mart Retail has raised Rs 374.99 crore by issuing shares to a set of investors through qualified institutional buyers (QIBs). The issue opened on January 28, 2021 and closed on Feb 2, 2021.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.