Mens wear specialist Koutons Retail India plans to raise Rs 140 crore from the capital market next year for achieving a turnover of Rs 1,000 crore in FY 08.The company plans to hit the capital market by May next year so that it has the current year's audited results in hand, H Sidhu, excutive vice-president of Koutons, said today.The company has projected a turnover of Rs 425 crore for the current financial year, which is more than double of FY06 figures of Rs 158.34 crore."We are opening about 1.25 stores per day to achieve our target," Sidhu said.Koutons has already shored up Rs 112.60 crore through private equity in which UTI Ventures and US-based Argonaut have put majority of the money.
