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SRS Group to bring IPO by FY09 end
New
Delhi,
Jun
24:
SRS
Group,
a
business
conglomerate,
today
said
it
plans
to
invest
Rs
1,000
crore
in
its
various
verticals
over
the
next
three
years.
The
investment
outlay
will
be
sourced
from
a
mix
of
debt
and
equity,
which
includes
an
Initial
Public
Offering
(IPO)
by
the
end
of
current
fiscal.
Of
the
proposed
investment
of
Rs
1,000
crore,
Rs
500
crore
will
be
invested
in
retail
business,
Rs
350
crore
in
the
expansion
of
exhibition
business
(multiplex
cinemas)
and
the
rest
will
be
put
in
food
and
beverage
business.
''Currently, SRS Group has 35 organised retail outlets and plans to increase the number up to 100 by the end of FY09,'' company Chairman Anil Jindal told reporters here.
UNI
Comments
Story first published: Tuesday, June 24, 2008, 17:37 [IST]