Vishal Retail, is expected to earn a revenue of Rs1,000 crore in the current fiscal year, and may show a 100 percent growth annually for the next two to three years. This apart, the promoters holding 64 percent equity in the company will dilute their stake to fund expansion plans.
When asked if the project was capital intensive, Mr Agarwal agreed saying, “We are currently maintaining ROI of 20-22 percent and with economies of scale, and these are likely to improve significantly.”
Fibre2fashion News Desk - India
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