Debt-laden retailer Koutons is considering selling up to 15% stake to raise cash to pay down excessive debt and revive its flagging fortunes. A few private equity funds
Biyani Sees Future With Carrefour
December 10, 2010 By Leave a Comment
Future Group CEO Kishore Biyani is in Paris as the country’s largest retailer has renewed its talks with Carrefour for a joint venture that could let Europe’s top retailer enter India
Madras HC Rejects Subhiksha’s Merger Plan With Blue Green
October 26, 2010 By Leave a Comment
Troubled retail chain Subhiksha’s last-ditch attempt to survive has failed, with the Madurai bench of the Madras High Court rejecting its merger scheme with Blue Green Constructions
SFIO Looking Into Subhiksha Books: Official
September 29, 2010 By 1 Comment
Corporate fraud investigating body has started a into cash-strapped retail chain Subhiksha Trading Services’ financials, as part of a complaint lodged ICICI Ventures. “The SFIO has started its inquiry…
ICICI Bank moves debt tribunal to recover Rs 150-crore Subhiksha debt
September 2, 2010 By Leave a Comment
ICICI Bank, the country’s largest private lender is knocking on the doors of the debt recovery tribunal (DRT) in an attempt to recover dues from Subhiksha, which owes the bank over Rs150 crore. The DRT is expected to give its final verdict this month. The troubled retail chain was forced to shut all its stores following…
RoC submits report on Subhiksha to Corporate Affairs Ministry
July 9, 2010 By Leave a Comment
The Registrar of Companies (RoC) southern region on Friday said it has submitted its report on troubled retailer Subhiksha to the Ministry of Corporate Affairs. “Our report is already given (to MCA)…From our side, everything is over. There is nothing pending from us…
MCA (Ministry of corporate affairs) seeks answers from Subhiksha directors
February 5, 2010 By Leave a Comment
The ministry for corporate affairs (MCA) has found lapses in the books of troubled retailer Subhiksha and is now seeking answers from its former directors, according to multiple sources familiar with the development. MCA had ordered inspection of Subhiksha’s accounts last year acting on complaints from a clutch of investors and former employees alleging mismanagement [...]
Subhiksha outlets retailing crackers
October 18, 2009 By Leave a Comment
CHENNAI: This Diwali, troubled retail chain Subhiksha could have something to cheer about with a few of its outlets back in action, selling crackers. Even as its prospects of revival look bleak, with the retailer battling numerous winding-up petitions filed by creditors at the Madras High Court, the discount chain is eyeing some cheer during [...]
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