Subway restaurants operator EverBrands India files papers for Rs 600 crore IPO

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EverBrands India Ltd, which operates Subway restaurants, has filed draft papers for an initial public offering. The company aims to raise Rs 600 crore to support its expansion plans. Proceeds from the IPO will be used to repay borrowings and fund new Subway store openings. EverBrands currently runs 1,008 Subway stores across India, Sri Lanka, and Bangladesh.

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Subway restaurants operator EverBrands India files papers for Rs 600 crore IPO

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