Credit rating agency, ICRA has revised rating of V-Mart Retail’s long term bank facilities to ICRA A+ from CARE A. The rating agency has also revised rating of company’s short term bank facilities to ICRA A1 from CARE A1.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.
