RMCL to raise over Rs 100 crore to fund e-commerce expansion

Packaging solutions firm Radha Madhav Corporation Ltd (RMCL) has forayed into eCommerce with its own brand of products and the firm expects to raise over Rs 100 crore in the 2015-16 fiscal to fund the expansion and repay outstanding debt. "Both these efforts will help us to pay off our debts and utilise the remaining for expansion. RMCL has a cumulative debt of about Rs 150 crore as of December 2014," Agarwal said.

Source: http://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/rmcl-to-raise-over-rs-100-crore-to-fund-e-commerce-expansion/46263249

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