Construction baron GL Raheja is about to stretch his retail compass by taking over Homecare Retail Mart, a chain of hypermarket stores mauled by the slowdown, pitting himself against brother CL Raheja’s Shoppers Stop and Hypercity. The GL Raheja group is buying out other high net worth investors in the Mumbai-based company for an undisclosed amount, [...]
Shopper’s Stop keeps Rs 300 crore for expansion
January 21, 2010 By Leave a Comment
BSE listed retail chain Shopper’s Stop, promoted by K Raheja group, which currently operates 29 Shoppers Stops and 5 hypercity malls in the country has earmarked Rs 300 crore as its capex for the next 2-3 years to expand operations, a top company official said. “We have a capex plan of Rs 250-300-crore for over [...]
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