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Rajesh Exports plans Rs 6,500-cr capex, to open 550 outlets

15 Dec 2011 Evaluate

Rajesh Exports plans to invest Rs 6,500 crore to expand its retail chain Shubh Jewelers by opening 550 outlets in the four southern states in Kerala, Tamil Nadu, Karnataka and Goa by 2014. The project will be funded through Rs 2,000 crore of internal accruals, Rs 2,000 crore suppliers credit and Rs 2,500 crore via raising debt through ECBs. The company already has 70 retail outlets in Karnataka and plans to expand it to 125 stores by next April. With the completion of 550 stores by 2014, it hopes to acquire eight percent share in the retail gold jewelery market, which would translate into retail revenue of about Rs 25,000 crore by FY15, making it the biggest player in the retail space.

Rajesh Exports Share Price

125.34 -1.36 (-1.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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