VLCC keen on IPO for expansion

Last Updated: Thu, Dec 03, 2009 03:06 hrs

Delhi-based wellness chain VLCC will soon float its Initial Public Offer (IPO) to raise funds for expansion.T

he company had earlier postponed the IPO due to adverse capital market conditions following the global meltdown."We are on with the IPO plan for expansion," VLCC regional operations head Surabhi Singh said.VLCC is looking at investing Rs 400 crore on expansion in near future.

Special: Initial Public Offerings

It has 225 centres in 75 Indian cities, besides 10 international centres in the UAE, Oman, Bahrain and Nepal.

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