The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities – Coda Holdings Singapore and Coda Holdings LLC.
Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market