Lulu Group

Lulu generates demand for $37 billion, becomes largest IPO in UAE this year

The Lulu IPO received exceptional investor interest and was oversubscribed within just one hour of opening on October 28

Lulu Retail Holdings set to launch $1.8-bn IPO; largest in UAE for this yr

Firm, controlled by Kerala business tycoon MA Yusuff Ali, counts India as a major sourcing destination

UAE supermarket chain Lulu to offer 25% stake in IPO, list on Adx

Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from Oct. 28 to Nov. 5

Lulu Group to set up food processing, logistics centres in Andhra Pradesh

UAE-based Lulu Group International will set up modern food processing and logistic centres in Andhra Pradesh along with hypermarkets and a shopping mall in the state, its Chairman and Managing Director Yusuffali MA said on Sunday. In a post on social media platform X in response to Andhra Pradesh Chief Minister N Chandrababu Naidu's post after their meeting, Yusuffali said, "Our discussions were very fruitful." "We have decided to start an international-standard shopping mall with 8-screen imax multiplex in Vizag, state-of-the-art Hypermarkets in Vijayawada and Tirupati along with modern Food Processing and Logistic Centers in Andhra Pradesh," he wrote. He tagged Naidu, with whom he said he has "got 18 long years of brotherly relationship". Earlier in a post on X, Naidu updated about his meeting with Yusuffali along with the group's Executive Director Ashraf Ali MA, back to Andhra Pradesh. "I had a very productive meeting with their delegation in Amaravati today. "We discussed pl

Lulu Group aiming to up agri sourcing from India to Rs 15,000 cr in 2 yrs

UAE-headquartered retailer Lulu Group is looking to increase the quantum of Indian agri procurements to Rs 15,000 crore in the next two years as it expands its network globally, a top company official said on Tuesday. Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 crore in a year. "About Rs 10,000 crore imports (of agri products) we are doing every year. We are looking to increase it to Rs 15,000 crore within two years because we are also expanding our footprint in many countries," he said. The imports primarily include commodities such as fruits, vegetables, rice, tea, sugar, spice and millets, he said, pointing out that the produce goes to the Gulf Cooperation Council (GCC) countries and other far-east countries. Ali said his group has tied up with the Indian government-promoted Agricultural and Processed Food Products Export ...

Lulu Group announces Rs 5 lakh each for those killed in Kuwait incident

Prominent NRI businessman and Chairman of UAE-based Lulu Group on Thursday announced Rs 5 lakh each for the families of the deceased in the tragic Kuwait fire tragedy, which left 49 persons, including 45 Indians, dead. At least 49 foreign workers were killed and 50 others injured in the fire on Wednesday at the seven-storey building where 196 migrant workers were staying in the southern city of Mangaf. A sum of Rs. 5 lakh for each of the families of the deceased will be paid as part of this relief fund, a statement released by the group in Abu Dhabi said. The central government as well as the Kerala government have also announced similar relief funds. Minister of State for External Affairs Kirti Vardhan Singh reached Kuwait on Thursday and met some of the Indians injured in the fire. The Indian Embassy in Kuwait said all those injured were safe.

Karnataka signs investment deals worth Rs 22,000 cr at Davos summit

Microsoft, Hitachi, Lulu Group among companies that commit projects in state

After world's largest office, Gujarat to host India's 'biggest mall'

The Lulu Group will begin the construction of the mall in Ahmedabad this year. Branded as India's largest, it will cost Rs 3,000 crore, according the officials

Retail malls see robust growth with addition of 3.1 million sq ft in Q4

Major Indian developers for retail malls indicated that rising demand, tight vacancies, investments, and buyer inclination, are among the significant reasons behind the robust growth

APEDA inks pact with Lulu Hypermarket for export promotion of agri-products

Commerce ministry's arm APEDA has inked a pact with UAE-based global retail major Lulu Hypermarket to promote Indian agri-products in the Gulf countries, an official statement said on Monday. With this memorandum of understanding (MoU), Agricultural and Processed Food Products Export Development Authority (APEDA) would promote Indian agricultural products, including millets across the GCC (Gulf Cooperation Council) member countries as the LuLu Group has its presence across these nations besides in Egypt and the Far East. The Group is the fastest-growing retail chain in the Middle East and Asia. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are the members of the GCC. "To boost exports of agricultural products to the GCC, the APEDA has signed an MoU with global retail major Lulu Hypermarket LLC," it said. As per the MoU document, the group will promote and showcase a wide range of products in APEDA basket of agricultural and processed food products in thei

'Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf'

Hypermarket chain and mall operator Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday

Lulu Group to invest Rs 10,000 cr in India to complete ongoing projects

UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over the next three years and the UAE-based conglomerate has already invested over Rs 20,000 crore in the country, Lulu Chairman Yusuff Ali MA said here on Monday. He also said his aim is to provide employment to 50,000 people in India and added that so far his various enterprises have employed over 22,000 people. Yusuff Ali, in the presence of Telangana Minister for Industries K T Rama Rao, also said that Lulu Group has committed about Rs 3,500 crore in investments in Telangana in the next five years on various projects including Destination shopping malls (Rs 3,000 crore) here and also in other cities in the state. Destination shops, stores or malls are ones that shoppers purposely plan to visit because they offer either special pricing, unusual items or friendly atmosphere, such as Ikea or Decathlon for example. "We have investments of more than Rs 20,000 crore in different areas includin

Lulu Group to invest Rs 10,000 cr in India to complete ongoing projects

UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over the next three years and the UAE-based conglomerate has invested over Rs 20,000 crore in the country, Lulu Chairman Yusuff Ali MA said here on Monday. He also said his aim is to provide employment to 50,000 people in India and so far his various enterprises have given over 22,000 jobs. Yusuff Ali also said the Lulu Group has committed about Rs 3,500 crore in investments in Telangana in the next five years in various projects including a Destination Shopping Malls (Rs 3,000 crore) here and also in other cities in the state. "We have got an investment of more than Rs 20,000 crore in different areas including shopping malls, hotels, and food processing units (in India). We will increase this," he said. "We have started the construction of a shopping mall in Ahmedabad. And also another one in Chennai we are coming up. A food processing plant is coming up in Noida and another one in Telangan

Retail firm Lulu Group signs deal to open 6 shopping malls, 1 hotel in UP

The Uttar Pradesh government has signed a memorandum of understanding (MoU) with hypermarket and retail giant Lulu Group to set up six shopping malls and one hotel in the state

Lulu Group to open 6 shopping malls, 1 five-star hotel in Uttar Pradesh

The Uttar Pradesh government on Tuesday signed a memorandum of understanding (MoU) with hypermarket and retail giant Lulu Group to set up six shopping malls and one hotel in the state

Lulu Group to invest Rs 3k cr to set up India's biggest mall at Ahmedabad

UAE-based billionaire Yussuf Ali's Lulu Group International is entering Gujarat, where it would invest Rs 3,000 crore to set up India's biggest shopping mall at Ahmedabad, a company official said. The construction of the Rs 3,000-crore shopping mall, which would have all modern facilities, will start early next year, said Lulu Group Director of Marketing and Communications V Nandakumar. This would be Lulu Group's third shopping mall in the country after Kochi, (Kerala) and Lucknow (Uttar Pradesh), and provide direct employment to 6,000 people and indirect employment to over 12,000 in the state, he added. Confirming the development, Nandakumar told PTI: "Discussions to acquire the land to construct this project are in the final stages and the foundation stone of this mega shopping mall will be laid early next year." The Ahmedabad-based shopping mall will have over 300 national and international brands, a 3,000-people capacity food court with multi-cuisine restaurants, 15-screen ...

Bullish on retail, Lulu Group plans to develop more shopping malls in India

Shibu Philips, Director-Shopping Malls of Lulu Group India, said the Indian retail market is still "under-utilised" with the share of organised retail being still low.

UAE-based billionaire Yussuf Ali's Lulu Group enters UP with supermarket

Known for its sprawling business interests worldwide, billionaire Yussuf Ali-led Lulu Group is now entering northern India with one of the largest supermarkets in Uttar Pradesh

WEF 2022 at Davos: Lulu Group, Swiss Re line up investments in Telangana

Telangana IT and Industries Minsiter K T Rama Rao is leading the state delegation to World Economic Forum 2022 in Davos and held a series of meetings with investors

WEF meet: Karnataka inks MoU with Lulu group for Rs 2,000 cr investment

The Chief Minister held talks also with heads of Jubilant Group, Hitachi, Hero MotoCorp, Siemens, Dassault Systems and Nestle, among others.