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Thursday, May 04, 2006

25 new stores from IPO proceeds: Renaissance Jewellery

Renaissance Jewellery is coming out with an IPO to fund its expansion plans.
ED at Renaissance Jewellery, Hitesh Shah confirms that the money raised through the IPO will be used to set up 25 stores and for the working capital of the retail venture of the company.

Shah also says the company is planning to diversify its markets by foraying into the retail market in India through company-owned stores and in the overseas and export markets.

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