Welspun Retail plans IPO by year-end

Welspun Retail a subsidary of textiles company Welspun India, may come out with an initial public offering later this year to fund its expansion of retail outlets.

Welspun Retail has set up 100 stores in two years and plans a turnover of Rs 150 crore by the end of this financial year with 300 stores of Welhome and 30 of Spaces pan India. By 2010,  they hope to have 800 stores and a Rs 500 crore turnover.

Welspun India Ltd’s shares closed at Rs 55.95, down by 0.09 per cent from the previous day’s close.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.