ORRA Diamonds has Rs 75 cr expansion plan on its agenda

Diamond retail chain ORRA Diamonds has chalked out Rs 75-crore capex plan for a major retail expansion drive over the next three years.

ORRA's CEO Vijay Jain said that the company will set up another 16 stores and added that it will raise the fund through private equity investors for which it is negotiating with investor bankers.

ORRA expects 20 per cent growth in the domestic market this year. However, the company revealed that it has no plans to enter the capital market