Joyalukkas to invest Rs 2,400 crore plans to open 40 new showrooms
Renowned jeweller Joyalukkas has plans to invest about Rs 2,400 crore in the next two financial years to open 30 new showrooms in India and 10 outlets abroad. This comes as the company is preparing for an IPO (initial public offering) for further expansion of its business.
The investments will be funded through internal accruals and bank loans, and the showrooms will be company-owned. As of now, the firm has 100 showrooms in India and 60 outlets in 10 countries.
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