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Acquired at 40% discount, Ustraa says its valuation can increase 6X in 3 years

Ustraa’s Rs 250 crore deal with VLCC also took some by surprise because The Good Glamm Group had put around Rs 490 crore on the table to acquire Ustraa last year, sources told Moneycontrol. The deal did not materialise because of internal reasons, they added.

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Vlcc Ipo

Acquired at 40% discount, Ustraa says its valuation can increase 6X in 3 years