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LuLu Retail, owned by business tycoon M A Yusuff Ali's LuLu Group, has created a record demand for a private entity's IPO.
The deadline to subscribe for the company’s IPO ends on November 5 and the final price will be announced on November 6.
Lulu has now created the record for the UAE's biggest retailer and private firm IPO.
While the lower floor would be occupied by the Lulu Hypermarket, the upper floor would have outlets of the Lulu Fashion and Lulu Connect.
Industrialists M A Yusuff Ali, T S Kalyanaraman and Ravi Pillai have agreed to donate Rs 5 crore.
The Chairman and Managing Director of LuLu Group International bought the 16-seater jet for about Rs 350 crore in 2016.
A video of Rajinikanth being driven around by Yusuff Ali had recently gone viral on social media.
Rajinikanth first visited the global headquarters of Lulu Group International, where he was received by Yusuff Ali.
FEFKA general secretary B Unnikrishnan said an online meeting with industrialist Yusuff Ali solved the issue.
Famous still photographer Jayaprakash Payyannur who took the photo, shared the picture on his social media page.
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