Rajesh Exports to raise Rs.3000 Crore debt for retail expansion

Rajesh Exports, is looking at raising a debt of Rs 3,000 crore for expansion in the gold jewellery retail sector.

Over the next three years, the company will spend Rs 7,500 crore for the retailing arm, a majority of which will be to buy gold bars.

The company would raise debt close to Rs 3,000 crore for this expansion, while the rest will be equally shared between internal accruals and supplier's credit.