UTI Ventures invest Rs 27 cr in Koutons

Mumbai, July 17 (UNI) UTI Ventures a Private Equity firm has invested Rs 27 crore in Koutons Retail India Ltd, a menswear brand in India.

Koutons Chairman DPS Kohli said, ''Our relentless efforts to provide high quality contemporary fashion wear at an affordable price has paid off and we are growing rapidly. With a reputed firm like UTI Ventures picking up a stake, it is a re-affirmation of a bright future for our company.'' ''Organised retailing is set to grow significantly In India.

Koutouns is an unique brand and will emerge as one of the largest players in this segment'' a release quoting UTI Ventures CEO and Managing Director Raja Kumar here said.

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