Sep 15
Few weeks earlier we heard that fruit and vegetables vendors have said no to Subhiksha on account of non-payment. Now it’s turn of FMCG companies. Majors like Emami, Dabur, ITC, Coca-Cola and Marico have delayed or blocked supplies to Subhiksha on account of mounting outstanding bills. Now the question is what Azim Premji saw in Subhiksha and invested? Subhiksha is possibly looking for an exit route too. Future Group and Reliance Retail have approached it for a buyout. With Azim Premji buying 10% for Rs. 230 Cr, its value can be estimated at Rs. 2300 Cr. But analysts feel that it has been overvalued. It seems that consolidation is picking up in industry.
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Rajeev Damani 
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January 28th, 2009 at 8:20 am
Subhiksha is finished. when it started it was hope. lot of people got the job. but within 2 years every thing changed. I don’t know what RS is thinking. if he could have sold it to some one atleast employee who are suffering would not have suffered. Today exisiting employee’s are helpless, they are not able to contact any seniors, for last 4 months no salary. No payment to shop owner. no communication. it’s sad, i think goverment should take that control like thay have done in satyam case. R subrmaniam is another RAJU.
January 28th, 2009 at 8:23 am
Subhiksha is finished. when it started it was hope. lot of people got the job. but within 2 years every thing changed. I don’t know what RS is thinking. if he could have sold it to some one atleast employee who are suffering would not have suffered. Today exisiting employee’s are helpless, they are not able to contact any seniors, for last 4 months no salary. No payment to shop owner. no communication. it’s sad, i think goverment should take that control like thay have done in satyam case. R subrmaniam is another RAJU.