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Ajay Mahajan

Koutons president Balvinder Singh Ahluwalia quits

The exodus of top executives from debt-ridden apparel retailer Koutons Retail is continuing unabated with Balvinder Singh Ahluwalia, who was the company's President, becoming the latest to join the exit list."I have quit Koutons Retail recently and have not...

Koutons Retail India net down at Rs.55 million

Koutons Retail India Ltd has posted a net profit of Rs.55.065 million for the quarter ended June 30, 2010, as against the Rs.109.959 million for the corresponding quarter a year ago. Total income has decreased from Rs.2,017.834 million for...

Premji picks up stake in Koutons

Billionaire Azim Premji, chairman and majority owner of the $5-billion Wipro, has picked up a two per cent stake in Koutons Retail, for about Rs 20 crore.Ajay Mahajan, chief financial officer, Koutons Retail, confirmed the purchase by Premji, saying,...

51% of Upper Class with Koutons

Apparel major Koutons Retail has acquired a 51 per cent stake in Delhi-based womenwear brand Upper Class.Upper Class earlier was a wholly-owned property of Rajesh Sachdeva and Amita Sachdeva, who now hold rest 49 per cent stake in the...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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