The company, which runs one of the Middle East's biggest hypermarket chains with more than 240 grocery stores in six Gulf countries, is offering 2.582 billion shares, equal to a 25% stake.

Lulu Group intends to establish an international-standard shopping mall featuring an eight-screen IMAX multiplex in Visakhapatnam, as well as state-of-the-art hypermarkets in Vijayawada and Tirupati.

Yusuff Ali says he is keen on investing in India, getting `full support' from Centre

Lulu Group plans India’s biggest mall in Ahmedabad, expands with malls in Tamil Nadu, export hubs in UP, J&K, and Asia's largest food park in Gujarat. Major job creation and growth on the horizon.