Infiniti Retail, the Tata Sons subsidiary that operates the Croma chain of stores, has raised bonds worth Rs 150 crore for expansion and refinancing purposes. The bonds, raised through the private placement route, carry an interest rate of 11.45 percent and are for a term of three years. The company runs 75 durables and electronics stores across the country under the brand names Croma and Croma Zip. And such expansion move of the company is an added advantage for the signage companies engaging in in-shop displays, signage and related activities.
