IndiaRetailBiz

The contours of financial package for stabilising operations of financially stressed value retailer Vishal Retail have begun emerging. The Delhi-based retailer owes around Rs 730 crore to a consortium of around 13 banks. Of these 13-odd banks, Vishal owes an amount of about Rs 170 crore, or nearly one fourth of the total, to State [...]

Vishal Retail, financially stressed Delhi-based multi-products retailer which for months has been forced to put expansion on hold, has bought peace with its institutional lenders by signing a deal to kickstart the process of restructuring debt.
The deal has been inked with lending banks like with SBI, HDFC and HSBC to whom the retailer owes major [...]

Vishal Retail, a listed leading retailer in the value segment, which has been reeling under severe cash crunch for long time, is planning to raise Rs 100 cr. (1 billion) via QIP route. The money so raised will be used to meet financial obligations and expand business.
The retailer is looking at expanding number of its [...]

Vishal Retail, Delhi-based retailer in the segment, which was once a darling of equity markets in India, is likely to soon go “Subhiksha” way by commencing the process of Corporate Debt Restructuring (CDR).
Delhi-based, R. C. Agarwal-led, value retailer, has for quite sometimes been finding it hard to meet the challenges of falling footfalls, which on [...]

Although, Ram Chandra Agrawal-led Vishal Retail, which went public in July 2007, could succeed in bringing down its quarterly losses from Rs 115 crore in Q4 2009 (ending March, 2009) to Rs 90 crore in Q1 2010 (ending June, 2009), it is continuing to struggle hard to come out of the financially difficult situation.
While, the [...]

Vishal Retail, the Delhi-based value-based retailer, which operates around 170 mega-stores, across the country, has begun to succeed in tackling some of its financial problems. These problems, among others, have contributed towards the company recording heavy losses during Q4 (ended 31st March, 2009) of the financial year 2008-09 (Rs 114.73 crore) and Q4 (ended [...]

Vishal Retail, the Delhi-based value retailer, which yesterday announced incurring net loss of Rs 114.72 crore in the last quarter (Q4) of FY 2008-09, compared to net profit of Rs 10.40 crore in (Q4) of 2007-08, has identified unrestrained expansion of its retail network as one of the main causes of its present problems.
“Unbridled expansion [...]

Vishal Retail, Delhi-based megastore (mini-hypermarket) format value retail chain, which after highly successful IPO in June 2007 was riding on growth trajectory in 2007-08, had a difficult period of performance this year.
The retailer, according to financial results, has incurred a consolidated net loss of Rs 94.49 crore for the 2008-09 financial year ending 31st March, [...]

“It is not a very inspiring budget,” told the Press Trust of India. “The retail sector has been clamouring for some kind of industry status and the issue not being touched upon is a disappointment,” said Bijou Kurien, president and chief executive (lifestyle), Reliance Retail Limited.
“Finance minister’s silence on (easing) FDI norms in [...]

Vishal Retail, Delhi-based multi-format, multi-product, value retailer, which following falling footfalls and declining purchases, for most part of the year 2008 and early 2009, has faced cash crunch, may afterall get much needed resorces.
The equity shareholders of Vishal Retail Ltd, the company which owns the retail chain, in the Extra Ordinary General Meeting (EGM) [...]