Amazon-backed More Retail picks banks for $300 million India IPO

More Retail, a joint venture involving Amazon and Samara Capital, is preparing for a significant Initial Public Offering, potentially raising $300 million. Advisers Avendus Capital and ICICI Securities have been appointed for the listing, which could value the food and grocery chain at approximately $2.5 billion. The IPO, expected next year, will include both new and secondary share sales.