Kishore Biyani, managing director, said the initial public offer would raise around Rs 2000 crore (Rs 2 billion), but refused to comment on the nature of the new company.
With sales growth in older stores and margins both falling, Pantaloon needs to keep costs in check.
The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points.
Renuka Ramnath is credited with raising the India Advantage Fund Series II, the country's largest private equity fund till date with a corpus of $810 million.
The retail revolution in Kolkata is gearing up to house some of the biggest, most globally renowned brands.
Biggies like Shopper's Stop and Pantaloons Retail have found their way to consumers' pockets through their stomachs.
Star has sold ad slots for the show, which goes on air from January 22 at an estimated Rs 10-13 crore per sponsor, said sources.
While festive season spends by consumers did contribute to the uptick seen in Q3, experts said greater aggression displayed by retailers to corner a larger share of the shopper's wallet also worked.
PVR Cinemas, the Rs 180 crore (Rs 1.8 billion) multiplex chain, is foraying into eastern India this financial year. It is looking at setting up 50-60 screens in 7-8 locations in eastern India within the next 5 years.
Money is not a problem for us but we have to raise it judiciously in view of our aggressive plans.
Venturing into the outdoor media business, Kishore Biyani's Future group, with retail brands such as Pantaloon, Big Bazaar
Recovery seen in Q4, companies continue to focus on enhancing cash flow
Amidst a slew of favourable factors, stocks of retailing majors like Shoppers' Stop and Pantaloon Retail have appreciated between five to a whopping 73 per cent since the start of 2005.
Rediff readers tell us what they did with their first salary.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
The spate of flops during the year gone by notwithstanding, the corporate sector remained upbeat about the potential of the entertainment industry if one goes by the number of cinematic ventures financed by them during 2002.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
VCs have been especially bullish about India.
The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu's family-owned Heritage Foods
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances