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