Tuesday, December 12, 2006

Vishal Retail files for IPO

The Hindu Business Line reports that Vishal Retail Ltd has filed for an IPO to raise up to Rs. 1.1 billion to help it expand. According to Ram Chandra Agarwal, Managing Director of Vishal Retail, "The IPO is a significant milestone in realising our larger corporate vision. It would help us further scale up in the emerging retail landscape."

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