Indian discount retailer to test limits of new FDI rules

02/18/2009 | Telegraph (Calcutta, India), The

Subhiksha Trading Services, a distressed retailer in India, is planning to raise funds from foreign investors. "The new guidelines permit [foreign direct investment] in retail through the holding-company route. We will examine the prospect of using this route to raise capital at the holding-company level," said R. Subramanian, managing director of Subhiksha.

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Telegraph (Calcutta, India), The

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