Tara Jewels to open 20 new showrooms

Influenced by growth in demand, studded jewellery exporter Tara Jewels is bullish on retail expansion and is planning to open 20 company-owned showrooms by June this year. The company started its retail business recently and already have 31 company-owned stores across 19 cities all over India. To fund its retail business, the company will raise up to Rs 200 crore from the capital market through its proposed initial public offering (IPO). And the rapid expansion of Tara Jewel stores across big cities is a sign of new business opportunity for the signage players dealing in this segment.