Home Solutions Retail (India), a subsidiary of BSE-listed Pantaloon Retail (India), has informed that the firm along with its two investors has successfully raised Rs
150-crore via a rights issue to fuel its expansion programme.

The company has been able to successfully raise Rs 150-crore through a rights issue, which was closed yesterday. The company confirms that it has raised the amount along with ICICI Ventures Funds Management and Kotak SEAF India Fund.

Diversified retail player, Vishal Retail has denied a newspaper report, which stated that it will close down about one third of its 172 retail outlets and downsize its staff across the country due to slowing sales.

The company official stated that it has not issued any such statement in the press, and all reports related to the matter are totally false.

It may be noted that the company has closed its two stores in last week.

Big Bazaar, the retail chain of the Kishore Biyani spearheaded Pantaloon Group, revealed its plans to open 48 new hypermarkets in Maharashtra in the next two years.

Presently, Big Bazaar has 103 hypermarkets in 62 cities across the country, including 23 in Maharashtra. The company has selected location to open hypermarkets in Ghatkopar, Malad and Solapur in Maharashtra.

Vishal Retail has informed that the company has opened a new showroom in Ghaziabad.

According to the sources, the proposed showroom has build on 8,870 sq.ft of land.

With the establishment of this showroom, Vishal Retail now has 160 stores spread across the country and are covered an area of  around 27,63,000 sq.ft.

Vishal Retail engages in the marketing of readymade apparels, household merchandise, and other consumer goods like footwear, watches, toys, toiletries, grocery items, sports items, crockery, novelties and gifts.

Future Group, India's leading business house with strong presence in retail sector, has launched a new retail chain of stores to market ethnic brands and products of India.

Worldwide home fashion and lifestyle major Rosebys has inaugurated its retail launch in the country with proposals to build 650 exclusive stores by fiscal 2012 for which it has roped in Bollywood actor Soha Ali Khan as brand ambassador. 

Two years after its acquisition by the $700 million Gujarat Heavy Chemicals (GHCL), Rosebys intends to penetrate the estimated Rs 10,000 crore Indian decor market using the franchise route with 600-1,200 sq ft stores in all metros and Tier-I and II cities.