Jewellery chain to raise Rs 100 cr via PE route

Image
Press Trust of India Kolkata
Last Updated : Jan 10 2014 | 7:18 PM IST
Jewellery retail chain Senco Gold plans to raise Rs 100 crore through private equity route to expand further.
"The company plans to expand all over India starting with Mumbai and other tier 1 and tier 2 cities, with an investment of Rs 200 crore," Senco Gold chairman Sankar Sen said.
Currently, Senco Gold has 51 retail outlets in West Bengal, Orissa, Jharkhand, Delhi and Madhya Pradesh and has a turnover of Rs 1,200 crore in retail and exports.
The jewellery chain has roped in Tollywood star couple Prosenjit and Arpita Chatterjee as brand ambassador.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2014 | 7:18 PM IST

Next Story