Sanjiv Goenka said Firstsource - the group's business process company - is also scouting for acquisitions in the US and UK, along with planning value-added services like Generative AI for its clients.
In a filing, Spencer's Retail said that its subsidiary Natures Basket is expected to reduce its debt in due course by Rs 100 crore (approximately) through a mix of loan restructuring and repayment of loans.
Revenue from operations in the quarter under review stood at Rs 638.91 crore as compared to Rs 624.07 crore in the year-ago period.
Part of the RP-Sanjiv Goenka Group, the retailer will open new stores in six South Indian cities this month.
India Cements is another notable company in his portfolio as Radhakishan Damani and his brother held 20.4 percent equity stake in the cement firm. In fact they are biggest shareholders in the company.
A rights issue is an offer to the existing shareholders of the company to purchase additional shares at a discounted price and is issued in proportion to their existing shareholding.
Radhakishan Damani is the owner of Avenue Supermarts which operates hypermarkets retail chain D-Mart.
In fact, in last 15 trading sessions, the stock shot up 62 percent, also due to the rally in retail stocks ahead of Union Budget scheduled to be presented in parliament on February 1.
Nature's Basket is a wholly-0wned subsidiary of Godrej Industries.
Sanjiv Goenka, the younger son of billionaire industrialist Rama Prasad Goenka, today unveiled a new corporate identity for the companies controlled by him.