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Carrefour invested Rs 160 cr

Also in talks for possible retail JV

Tags: retail, retailer, news, Carrefour

January 17, 2014  |  comments ( 0 )  | 
Carrefour invested Rs 160 cr Carrefour SA has invested Rs 160 crore in its wholly owned cash-and-carry business in India. If sources are to be believed French retailer has also initiated talks with an Indian retail group for a possible entry into the multi-brand retail sector where it can sell directly to customers.Carrefour WC&C India Pvt Ltd, which runs five exclusive outlets in India has already invested Rs 300 crore in opening stores and creating allied back-end infrastructure for the business, according to its latest filing to the Registrar of Companies (RoC).In addition, Carrefour has also decided to increase its authorised capital to Rs 450 crore through fresh equity to fund India operations, which will go into expanding its business.

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