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Senco Gold to raise Rs 100 crore via PE route

Plans to invest 200 cr on expansion

Tags: retail, retailer, news, Senco Gold

January 13, 2014  |  comments ( 0 )  | 
Senco Gold to raise Rs 100 crore via PE route

Jewellery retail chain Senco Gold plans to raise Rs 100 crore through private equity route to expand further. Addressing the same, Sankar Sen, Chairman, Senco Gold, said, "The company plans to expand all over India starting with Mumbai and other Tier 1 and 2 cities, with an investment of Rs 200 crore." Currently, Senco Gold has 51 retail outlets in West Bengal, Orissa, Jharkhand, Delhi and Madhya Pradesh and has a turnover of Rs 1,200 crore in retail and exports.

 


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