Nov 2, 2012: RP-Sanjiv Goenka promoted Spencer Retail is contemplating on different options to expand their presence in Indian market. The options being considered include demerger of the retail arm from the parent company CESC, IPO and bringing in strategic investment. As per the sources, Spencer Retail division has now shown good results and is moving towards a high positive EBIDTA. Company is looking to hire advisors for managing the listing process, which will take some time to materialize.
