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Fashion brand Khaadi plans IPO next month: report
Khaadi Pakistan Ltd., a fashion retailer, is planning to launch an initial public offering (IPO) next month to raise funds for expanding its retail outlet network, Bloomberg reported on Thursday. As per the report, the company plans to raise between Rs6.2 billion and Rs8.3 billion. Khaadi is a subsidiary of Weaves Corp., which counts International Finance Corporation, a member of the World Bank Group, as a minority shareholder. Khaadi’s key market is Pakistan and it also operates in the UAE, the UK and the US. Arif Habib Ltd. is the financial advisor for the transaction, the report said. In Ma...
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