Leading retail chain Shoppers Stop is looking to raise up to Rs 350 crore through Qualified Institutional Placement route by March 2011 to fuel expansion and hike stake in Hypercity, a company official today said.

"We are looking at raising around Rs 250-350 crore by the end of next fiscal for our expansion plans and also hiking our stake in Hypercity," Shoppers Stop Vice-Chairman B Nagesh told reporters here today.

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