Ltd, which owns luxury brands like Satya Paul and Bwitch, has filed draft papers with markets regulator Sebi to raise an estimated Rs650 crore through an initial public offering. According to people familiar with the matter, the public issue is expected to garner about Rs650 crore. Founded in 1998, Genesis Colors is the holding company of well known Indian fashion brands—Satya Paul and Bwitch. Besides, it holds the marketing and distribution rights in India for several international luxury labels under its arm Genesis Luxury Fashion, according to the company’s website. Genesis Luxury Fashion distributes premium international brands like Jimmy Choo, Armani, Paul Smith and Bottega Veneta.

Source: Mint September 29, 2016 16:41 UTC