Aditya Birla Retail mulls IPO, charts ambitious growth plan

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Aditya Birla Retail, the country's second-biggest supermarket operator, is considering an initial public offer (IPO) and will time it as
soon as the company starts spinning profits.

"We will definitely be open to an IPO, but it will be closer to the time of profitabillity... around 2012 or maybe even before that when we sight profitability," Aditya Birla Retail Ltd (ABRL) CEO, Thomas Varghese, said in Mumbai.

He said that the company had still not determined the amount of equity it would dilute.

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