The Venugopal Dhoot-promoted group, which is a leading consumer durables maker and has oil interests, has joined the retail bandwagon with plans to launch 16 stores under the Bolld Cash & Carry brand with an initial investment of Rs 400 crore.
Bolld will have food and groceries, consumer durables, IT and apparel and a range of other product categories.
Sunil Mehta, chief executive officer, Bolld Cash & Carry, said,
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