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New Delhi-based apparel maker and retailer Cantabil said it will open around 150 outlets this financial year as a part of its expansion plan to be funded by the firm's upcoming initial public offering.The company, which is aiming to raise Rs 105 crore from the IPO, also said it is going ahead with its plans to open a new manufacturing facility in Bahadurgarh (Haryana) as it looks to increase capacity to cater to the rise in demand.
"Our plan is to open around 150 new outlets across the country by March 2011. They will be a mix of company-owned and franchise operated stores and the company will invest around Rs 25 crore in the project," Cantabil Retail India managing director Vijay Bansal said.
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