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Subhiksha Trading Services

Revival of Subhiksha

Subhiksha Trading Services Pvt.Ltd. was one of the largest Indian retail chain which opened its first store in Thiruvanmiyur in Chennai in March 1997 with an investment of about Rs. 50 lacs. It was started and managed by R....

Subhiksha’s revival suggestion opposed by ICICI, other lenders

ICICI Bank, lead banker of cash-strapped Subhiksha Trading Services, today told the high court it was opposed, with other creditors and lenders, to the scheme proposed by Subiksha’s subsidiary, Cash and Carry, to restart the retail chain’s operations.That involved...

Slowdown-hit DollarStore shuts 41 stores

US-based deep discount retailer MyDollarStore Inc., founded by an American of Indian origin, is the latest casualty of the economic slowdown in India that has forced organized retailers to apply the brakes on ambitious expansion plans.The chain, which entered...

Bachat Mera Adhikar – That is what Subhiksha Has For You! Spartan, Relentless, Frenzied pace

Hopping across to the nearest super market has ceased to be an inhibition even for an average Indian middle-class as the benefits they offer vis-à-vis a local kirana store are increasing by each passing day. The reasons if we...

Subhiksha expects to wrap up debt recast by April

Cash-strapped retail chain Subhiksha today said its corporate debt restructuring (CDR) would have to end by July this year “at any rate”, although it expected the process to be completed before April-end.“CDR is a time-bound process of a maximum...

Subhiksha stores vandalised

Hundreds of Subhiksha stores were looted or vandalised after the Chennai-based India's leading discount retailer Subhiksha Trading Services failed to pay security agents and staff because of liquidity problems, the Financial Times reported.About 600 of Subhiksha’s food stores and...

Subhiksha plans 150 consumer durable stores by mid-09

Refuting the media reports regarding the dilution of its stake and that of its vendors stopping the supply of vegetables and FMCG products to them, R Subramanian, managing director, Subhiksha Trading services, said that Subhiksha Retail is all set...

Subhiksha defers IPO plans

Subhiksha Trading Services Ltd, one of India’s largest mass market discount retail chains, has postponed its plans to launch initial public offer (IPO) till the end of the year.Subhiksha said it has enough money to fund its expansion and...

Budget 2008: Retailers left asking

“Our demands have not been addressed, as they should have been,” chorused the retail fraternity of India while sharing their take on Budget 2008 with Indiaretailing.Future Group: Kishore Biyani, CEO, Future Group, says that if farmers and income tax payers...

Subhiksha IPO in March — 3000 stores on the cards

Soon after opening its 1,000th store last month, Subhiksha is aiming high and have chalked out plans to announce a Rs 350 crore IPO and touch the 3,000 stores mark by 2010.The company aims to invest Rs 300 crore...
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Ace Turtle wins Images Award of Excellence at IFF 2024

The award celebrates Ace Turtle’s efforts in establishing itself as India's first fully digitally integrated retailer Bengaluru: Technology-native retail company Ace...
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