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7NR Retail acquires 8.62% stake in Magenta Lifecare

18 Jul 2023 Evaluate

7NR Retail has acquired 8.62% stake in Magenta Lifecare, a company operating in Business of Mattresses and Pillows based in Vadodara, Gujarat. With this investment, 7NR Retail aims to enter into the business of home decor products like mattresses and pillows. This is first step by 7NR Retail towards the business of home decor.

The company is engaged in the business of trading of apparels in the wholesale and retail segments. 7NRR operates and manages four retail stores exclusively for kids apparel brand ‘Gini & Jony’ across the state of Gujarat. It is also selling shirting and suiting under wholesale segment


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