ABRL denies IPO rumours

    ABRL denies IPO rumours

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    A number of media reports are abuzz with talks of Limited (ABRL) planning an IPO by 2012. But in an exclusive interview with IndiaRetailing, , CEO of ABRL, denies any such development.

    Varghese says, “We have not thought of any IPO at this stage. We will review this at an opportune time.” He further denies any interview being conducted with ABRL by media organisations, which have published the reports about ABRL planning an IPO.

    ABRL, the retail venture of Aditya Birla Group has a total of 655 supermarkets and five hypermarkets, with a retail presence in 146, and five cities respectively. The retailer clocked a 100 per cent turnover in FY 2008-09.

    — Bhavya Misra