NEW DELHI: V-Mart Retail Limited has notified Bombay Stock Exchange (BSE) that the company has opened two new stores one in the state of Uttar Pardesh and one in state of West Bengal.[the_ad id=”31605″]Opening of these two new stores takes the total number of stores to 209 in 166 cities across 17 states and total tally of Uttar Pardesh is 84 stores and West Bengal is 12 stores.
V-Mart was one of the first consumer retail enterprises to cater to the growing needs of India’s middle-class youth – in the heartlands of India. Over the past decade, the Company has gradually transformed itself into a one-stop shop for ‘affordable fashion’ in geographic pockets largely overlooked by India’s retail revolution.
As per data compiled by Bloomberg, V-Mart remained the world’s best-performing department store, in 2017-18.
V-Mart Retail Limited’s shares are actively traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). V-Mart enjoyed a market capitalisation of Indian Rupee 34.654 billion as on March 31, 2018.
As of March 31, 2018, 54 percent of the company’s shares were held by the promoter group. Foreign Portfolio Investors (FPIs) held 31 percent and mutual funds held 3.0 percent of the shares. The rest were held by individual investors.