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“We wish to inform you that KPR plans to enter into ‘Branded Retail’ business. Initiated building up Retail Business Team,” the company said in a filing to the stock exchanges as part of disclosure of information under Regulation 30 of SEBI.
“KPR has been continuously studying the Indian domestic market for the last five years. In the last one or two years, the domestic market is booming. So, in the next 5 to 10 years, it will be very good for the domestic market,” KPR managing director P Nataraj said during Investors/Earnings Conference Call last month, while explaining the company’s decision to enter into retail.
The company is initially planning to go for exclusive brand outlets. (RKS)
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