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Incorporated in 2011, Praxis Home Retail Ltdis in the business of Home Retailing through departmental stores, under various formats
Praxis Home Retail Limited has amended its inter-corporate loan agreements with CMS IT Services Private Limited, revising the interest rate from 11% to 13% per annum. This adjustment increases the company's finance costs for working capital and general corporate funding.
Praxis Home Retail's committee approved granting 0.05 Cr stock options to eligible employees at Rs 5 each under its ESOP scheme. Options vest over three years, aiming to incentivize staff, and are not subject to lock-in.
Praxis Home Retail allotted 4.96 Cr Rights Equity Shares at ₹10 each, successfully raising ₹49.58 Cr. This capital infusion increases the company's paid-up share capital to ₹92.46 Cr.
HomeTown is set to expand its presence across India with the opening of five new stores in Pune, Nagpur, Noida, and Surat, along with two additional locations in South and East Kolkata. This expansion underscores HomeTown's commitment to enhancing home shopping experiences and catering to a diverse customer base. The...
Praxis Home Retail Limited has informed the Exchange regarding a press release dated December 17, 2024, titled "Experience Home Like Never Before: HomeTown Launches at Seasons Mall, Pune!".