Spencer's Retail , a RPG group company, today said it would open 15 to 20 hypermarts across the country during the next fiscal.
The investment would be around Rs 80 crore to Rs 90 crore and the company is still looking for an investor to raise funds, Spencer President Vineet Kapila said.
The company is also talking to PE funds, Kapila told reporters on the sidelines of Retail Summit here.
“We are expecting to break-even in 24 to 26 months”, he said. The company was also looking at Bihar and Jharkhand for expansion, he said.
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