Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

ABRL clocks sales of Rs. 1,966 crore in 2012-13
Posted On: 16-05-2013 00:00:00 13

As per a report in Economic Times, Aditya Birla Retail Ltd ( ABRL) with its 500 + 'More' branded supermarkets and 14 hypermarkets reported sales of Rs 1,966 crore and a net loss of Rs 650 crore in the year ended March 2012. The company has accumulated losses of Rs 2,984 crore since it entered the segment over six years ago.

To meet the growth plans in its existing formats, Aditya Birla Group chairman Kumar Mangalam Birla plans to invest Rs 525 crore in the group's retail arm and raise its borrowing limit from Rs 5,000 crore to Rs 7,500 crore. ABRL has decided to issue optional convertible bonds to RKN Retail, promoted by Birla, his family and some closely held companies of the family. RKN Retail, which was incorporated in November last year, acts as a channel of investment in Aditya Birla Retail, which is a subsidiary of Aditya Birla group firm Kanishtha Finance and Investment.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Future Lifestyle buys stake in Mineral, Tresmode, Famozi
Future Group restructuring to attract foreign investment
CBI says Walmart violated investment rules
Gitanjali Gems promoters barred from trading in the stock market
FDI in retail: Investment upto 49% through automatic route
retail stores
retail policies
retail suppliers retail classes retail news
retail certificate cources india
retail angle news Columns latest news on retail industry
retail colleges retail news
Simran Says: Low hanging fruit - having the right stock at the right place ...
retail jobs
new jobs for retail industry
jobs for retail industry retail industry related jobs retail jobs
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2013 - 14) Annual Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

facebook.com/ssajobsdelhi
www.ssaconsulting.in

 



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry
indian retail