New Delhi, 21/2: Indian jeweller Joyalukkas has withdrawn its Rs 2,300 crore ($277.95 million) initial public offering (IPO), a document on the market regulator’s website showed on Tuesday.
The reason for the withdrawal was not immediately clear. Joyalukkas did not immediately respond to Reuters’ request for comment.
The jeweller, based in the southern Indian state of Kerala, operates showrooms across roughly 68 cities and is one of the biggest jewellery retailers in the country.