Mumbai: Abhishek Industries Ltd, the flagship company of Trident Group, said it will invest Rs200 million to open 30 lifestyle retail stores across India.
Abhishek Industries, which launched its first lifestyle retail store in Chandigarh on Sunday, said in a statement to the Bombay Stock Exchange that it plans to open another 100 stores in the next financial year.
The company did not give a figure for the additional investment and officials were not immediately available for comment.
Abhishek Industries said 300 stores would be opened across the country by the next three years.
The Chandigarh outlet will house a range of home products. It plans to open another outlet in Ludhiana shortly, Abhishek Industries said.