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The RP-Sanjiv Goenka Group is focusing on ending Spencer’s Retail chain's losses.
The aim is to also hasten its listing on stock exchanges. Sanjiv Goenka, group chairman, said for the past six months, Spencer’s has seen positive underlying profit. Earnings per square foot of floor space had increased to Rs 1,741, against the previous year's Rs 1,500.
“Hopefully, this trend will continue. Spencer’s is ripe for listing,” he said.
For a long time, the group has been considering an Initial Public Offering of shares to take forward Spencer’s growth. Recurring losses have come in the way. In
The aim is to also hasten its listing on stock exchanges. Sanjiv Goenka, group chairman, said for the past six months, Spencer’s has seen positive underlying profit. Earnings per square foot of floor space had increased to Rs 1,741, against the previous year's Rs 1,500.
“Hopefully, this trend will continue. Spencer’s is ripe for listing,” he said.
For a long time, the group has been considering an Initial Public Offering of shares to take forward Spencer’s growth. Recurring losses have come in the way. In
