More Retail recast complete, plan to go for an IPO in two years: MD Vinod Nambiar

More Retail, backed by Amazon and Samara Capital, plans an IPO within 15-20 months after restructuring its business. They closed unprofitable hypermarket stores, exited non-grocery categories, and focused on smaller stores. The company aims to raise ₹200 crore for expansion and anticipates improved financial performance.