IS BIYANI HIVING OFF BIG BAZAAR

Reports say that Kishore Biyani is looking to hive off his hypermarket Big Bazaar chain of outlets. This is part of his ambitious restructuring and growth plans as this would enable release of locked value. Biyani's plans to make his group into a 25,000 crores group.
The group is looking at various options to raise funds as it is planning to add 18 million sq feet of retail space across its different formats by the year 2015. Currently there are 116 Big Bazaar hypermarkets across the country with total retail area of 4 million square feet and markets over 1.6 lac products.
The current turnover of the group is Rs 10,000 crores. It is planning to achieve a target of 13,000 crores by 2010.