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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

EverBrands India files DRHP for Rs 600 crore IPO

The proceeds from the fresh issue are proposed to be deployed through its wholly owned subsidiary, Culinary Brands India Private Limited (CBIPL). Of the issue proceeds, Rs 326.85 crore is proposed to be used for capital expenditure towards setting up 460 new Subway stores under the company-owned-company-operated (COCO) format in FY28 and FY29, while Rs 125 crore is proposed for repayment or pre-payment of certain borrowings of CBIPL. The remaining proceeds will be used for general corporate purposes.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/everbrands-india-files-drhp-for-rs-600-crore-ipo/134562009
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