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The Economic Times

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Salon chain Naturals eyeing 2028 IPO if Reliance stake talks fail, says executive

Naturals, a leading Indian salon chain, continues discussions with Reliance for a stake sale. Talks have slowed due to disagreements on deal structure. Naturals plans an IPO by 2028 if the Reliance deal does not materialize. The company is not currently negotiating with other investors. Reliance's entry would complement its beauty retail ventures.

17 Feb 2026 9:41 am