HotSpot mulls expansion |
By e4p Correspondent, Monday, May 18, 2009, 11:18 Hrs [IST] |  |
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Category: Telecom | Tags: Spice Group expansion, Dubai mobile retail chain, HotSpot expansion | Share:  |
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HotSpot, the mobile retailing arm of Spice Group, has chalked out Rs 200 crore investment plans for acquisitions and expansion of its operations across India during this fiscal.
The company plans to double its number of stores from the present 614 to 1,200. The company has about 500 stores under its brand, while the rest are operated by Cellucom, a Dubai-based mobile retail chain which the Spice Group acquired in early 2009. The proposed expansion is likely to be funded through internal accruals.
Source : ProjectsToday
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