Tuesday, January 23, 2007

11 retail companies to raise Rs 2000 crore in 2007

As many as 11 retail companies are gearing up to hit the primary market to raise an estimated Rs 2,000 crore in 2007.

According to Prime Database, a market-monitoring firm, the list includes Vishal Retail, Ebony Retail, Great Wholesale Club, Hidesign, Hotspot, Koutons, Landmark, Maheshwari Mega Ventures, Multiple Zones, Radhakrishna Foodland and Talwalkars.

India's organised retail is estimated to be billion and this, according to Ernst & Young, is growing at a whopping 400 per cent a year and is expected to touch the billion mark by 2010. The sector contributes 40 per cent to GDP of the country.