The proceeds of the IPO would be used to reduce a large amount of debt from its book in turn reducing future capital commitments towards principal and interest.
Where is the ADDITION to the GROSS BLOCK to drive UP... Future Revenue ???
BTW, I am a regular buyer at ALDI Store in Cranberry Mall, Pittsburgh, PA, USA but Business Models of USA are much different than INDIAN MODELS..... they can not be effectively compared for Retail Stores of India... as well as with the MIND-SET of Indian Consumers !!!
All Investments are valued keeping in mind MARGIN-OF-SAFETY....& POTENTIAL for FUTURE GROWTH !!! ---
Manish Chokhani, director of investment group Enam Holdings and a long-time observer of Indian equities, in an exclusive chat with Vishal Chhabria and Hamsini Karthik, says investors should brace for volatility, and keep some cash.
While pointing to the current bull run in mid- and small-cap stocks, he advises that only those investors with appetite to absorb shocks participate in this space.
About FUTURE OF RETAIL IN USA:
Too many stores, too much luxury: Macy's looks to rewrite retail
Krystina Gustafson | @KrystinaGustafs
Thursday, 11 Aug 2016 | 1:54 PM ET
Macy's CEO Terry Lundgren on Thursday delivered a long-awaited jolt to Wall Street, when he admitted the United States has too much square footage dedicated to retail. The company announced plans to shutter 100 of its 728 traditional Macy's stores — a strategy bearish investors have been begging the company to pursue for more than a year.
By Lundgren's own admission, industrywide there is 7.3 square feet of retail space per capita in the United States. That compares with roughly 1.3 square feet in the U.K. and 1.7 square feet in France.