Subhiksha, dubbed as India’s largest retail chain, has secretly devised a strategy to become a listed enterprise despite the unstable stock market which is trouncing many firm’s plan to go public. It was announced by Subhiksha recently that it is going to buy substantial stake in a Chennai-based listed firm, Blue Green Constructions and Investments. On Monday, June 30, the board of both firms will meet to decide on the merger plans. The emerged entity which will get created will be called Subhiksha Limited and it will perhaps list its shares on NSE/BSE apart from MSE where the shares of Blue Green Constructions and Investments are presently listed. 

Blue Green Constructions and Investments happens to be a non-banking finance firm that was developed during the nineties. It can easily be called a shell firm whose shares listed on the MSE has not been keenly traded. This merger will provide Subhiksha a means to grow its operations and could even pave the way to the durable format. After its shares get listed, its worth in terms of market cap is estimated to be Rs 4,000 Crore. Industry insiders state that this listing will assist private investors, who have significantly invested in Subhiksha, find a way out. These investors have already profited from the vital increase in their returns because Subhiksha has been expanding very rapidly.