Jewellery retailer to tap capital market

CHENNAI: Jewellery retailer Thangamayil Jewellery, with its base in Madurai, is entering the capital market with an initial public offer of equity shares aggregating to Rs. 28.75 crore on January 27 at a price band of Rs. 70-75. The proceeds of the issue would be utilised to expand existing business by establishing retail outlets in Tamil Nadu and to renovate the existing outlet at Madurai.

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