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INDIA'S VISHAL RETAIL POSTPONES IPO PLANS.
NEW DELHI, Aug 1 Asia Pulse - Indian retail major Vishal Retail (BSE:532867), which a month back had announced plans to raise up to Rs 2 billion (US$47 million) through an IPO, has postponed the equity divestment considering the current market sentiments.
"Besides the present fluctuation in the market, we are also facing certain technical problems as regards to the allotment of minimum floor price by market regulator SEBI. While SEBI has fixed the floor price of our shares at Rs 650, we believe under present conditions we cannot expect that kind of high price," Vishal Retail chief executive officer Manmohan Agarwal said.
The company wanted to raise the money to fund its expansion plans would now wait for the market to stabilise.
Agarwal said the company would wait and watch for some ...
- Vishal Retail postpones IPO plans.
- News wire article from: PTI - The Press Trust of India Ltd. July 31, 2008 700+ words
...Homegrown retail major Vishal Retail, which a month back...allotment of minimum floor price by market regulator...SEBI has fixed the floor price of our shares at Rs...kind of high price," Vishal Retail Chief Executive Officer...
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- News wire article from: PTI - The Press Trust of India Ltd. July 3, 2007 700+ words
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- News wire article from: PTI - The Press Trust of India Ltd. March 8, 2009 700+ words
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- Vishal Retail H1 net up 22 pc at Rs 18 cr.
- News wire article from: PTI - The Press Trust of India Ltd. October 30, 2008 700+ words
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- News wire article from: PTI - The Press Trust of India Ltd. June 11, 2007 700+ words
Vishal Retail to double prod capacity to 10,000 pieces a day New Delhi, June 11 (PTI): Vishal Retail Ltd, owners of retail chain Vishal...5,000 cloth pieces per day," Vishal Retail Chairman and Managing Director R C...
- Vishal Retail's IPO fully subscribed; Roman Tarmat opens.
- News wire article from: PTI - The Press Trust of India Ltd. June 12, 2007 700+ words
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- Vishal Retail seeks rent re-negotiation, to relocate stores.
- News wire article from: PTI - The Press Trust of India Ltd. January 27, 2009 700+ words
Vishal Retail seeks rent re-negotiation, to relocate...PTI) Diversified retail player Vishal Retail today said the group is undertaking...others to make them more profitable," Vishal Retail Group President Ambheek Khemka told...
- Vishal Retail renegotiates rents, resizes, relocates stores.
- News wire article from: PTI - The Press Trust of India Ltd. February 22, 2009 700+ words
Vishal Retail renegotiates rents, resizes, relocates...Feb 22 (PTI) -- Retail giant Vishal Retail has capitalised on the real estate...40 per cent downward revision," Vishal Retail Group's President Ambeek Khemka...
Source: HighBeam Research, INDIA'S VISHAL RETAIL POSTPONES IPO PLANS.