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			V2 Retail hit 52-week high of Rs 510, up 7%, extending its Monday&rsquo;s 6% rally on the BSE, after the company funds affiliated with private equity (PE) firm Lighthouse &nbsp;made an investment of Rs 76 crore in the company.</div>
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			The board of directors of V2 Retail approved allotment of two million equity shares to India 2020 Fund II (foreign portfolio investor), non-promoter, at a price of Rs 380 per share.</div>
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			V2 Retail announced on October 16, 2017 investment by India 2020 Fund II, Limited, a fund affiliated with Lighthouse, a middle market private equity firm focused on growth investments in India&#39;s consumer sector. The investment will be used to accelerate V2 Retail&rsquo;s store expansion plans.</div>
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			For FY17, V2 Retail achieved revenue of approximately Rs 470 crore, representing a CAGR (compound annual growth rate) in excess of 60% over the last five years. Currently, the Company has 44 stores across 13 states in India and targets reaching a store count of 100 in the next two to three years, it added.</div>
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			India has added more than 400 million consumers into the middle-income bucket over the past 15 years. It is this bucket which is driving consumerism in India and V2 Retail is well positioned to cater to this aspiration which presents a strong tailwind for growth, said Sachin Bhartiya, Partner, Lighthouse Advisors.</div>
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			V2 Retail is one of the fastest growing retail companies in India and enjoys strong brand equity from customers across segments. The Company offers a portfolio of products, including apparel and life style products.</div>
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			In past three months, the stock has outperformed the market by surging 110% as compared to 2% rise in the S&P BSE Sensex. Thus far in the calendar year 2017, it zoomed 359% against 23% surge in the benchmark index.</div>
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The stock hit 52-week high of Rs 510, up 7%, extending its Monday's 6% rally on the BSE.

supermarket, London, Britain, inflation, retail

V2 Retail hits 52-week high on investment by PE firm Lighthouse

The stock hit 52-week high of Rs 510, up 7%, extending its Monday's 6% rally on the BSE.