The stake dilution is to enhance company’s plans to expand in the retail segment. SAIF Partners will get a significant minority stake in Catmoss Retail Pvt Ltd.
Having become a leading brand in kids wear catering to the age group of 0 to 14 years, Catmoss, has, dominated the exciting & fast growing organised kids wear industry in India.
The brand will widen its product range and strengthen its retail space to almost double, by end of FY 2012. It has presence with 170 exclusive stores, 125 shop-in-shops pan India and 300 multi-brand stores.
(Published 13 August 2010, 15:42 IST)
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