Vishal Mega Mart files updated DRHP, aims to raise Rs 8,000 crore with upcoming IPO

Vishal Mega Mart, seeking to raise Rs 8,000 crore via an IPO, has updated its draft papers with Sebi. The offering will be an offer-for-sale by promoter Samayat Services LLP, which holds a 96.55% stake. The supermart chain operates 626 stores across India. Kotak Mahindra Capital and others are managing the issue.