To reduce about 40% debt in FY12, says Vishal Retail

Vishal Retail slumps on debt concerns. The company expects to reduce the debt close to about 40% in this financial year, said chief executive officer Dinesh Malpani. he mentioned that Q3 will be somewhere close to the tune of about 15% growth over Q2 numbers.

Vishal Retail to tap foreign cos post govt nod to 51% FDI

RC Agarwal, chairman, Vishal Retail said, it would approach foreign retailers only when the final verdict on proposed 51% FDI in multi-brand retail comes in.

Vishal Retail sure to repay debt, expand with property sell

Vishal Retail is all set to repay their debts amounting Rs 30 crore and infuse a total sum of Rs 20 crore with a hopeful property sale. “The market price of the property is around Rs 50 crore.

Vishal Retail to open 9 V2 stores by July 15

In an interview with CNBC-TV18, RC Agarwal, Chairman, Vishal Retail said the company is opening nine V2 stores. “Out of nine stores, five will be open in Delhi and three in Himachal Pradesh and one in Jharkhand. These stores will start operation till July 15,” he added.

Shriram Cap to acquire front-end business of Vishal Retail

In an interview with CNBC-TV18, Arun Duggal of Shriram Capital said the acquisition provides large customer base to the company. "Shriram Capital will acquire the front-end business of Vishal Retail," he said.