Pantaloons to invest Rs 150 cr to add 20 outlets this fiscal

Leading fashion retail chain, Pantaloons Fashion & Retail Ltd is all geared up to invest Rs 150 crore to expand its base by adding up 20 outlets this fiscal. With a motive to take the number of stores to 100.
Pantaloons to invest Rs 150 cr to add 20 outlets this fiscal
Leading fashion retail chain, Pantaloons Fashion & Retail Ltd is all geared up to invest Rs 150 crore to expand its base by adding up 20 outlets this fiscal. With a motive to take the number of stores to 100, says a PTI report.
 
According to an investors' update, Pantaloons' parent company Aditya Birla Nuvo said: "Full year capex (capital expenditure) guidance (for Pantaloons) stands at Rs 150 crore towards addition of 18-20 new stores to reach 100 stores mark."
 
Besides, the company Pantaloons has already spent Rs 44 crore in the first half, as per the update.
 
However, the company recorded a turnover of Rs 940 crore in the first half year ended September 30, 2014. Also, the report said that the investment would be utilised in renovating  21 stores.
 
Further, in July the company had planned to raise up to Rs 500 crore through various means, including a rights issue this year to fund its growth capital requirements.
 
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