Lulu Group IPO to be launched early next year, shares to be listed in Gulf

Lulu Group International, the hypermarket chain and mall operator, is planning to launch its initial public offering (IPO) in the first half of next year. The stock is expected to be listed in the Gulf, although the specific stock exchange has not been decided. Lulu Group also plans to invest further in India, with two large shopping malls set to be launched in Ahmedabad and Chennai.

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