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Mothercare gets nod to invest Rs 26 crore in DLF Brands JV

UK-based retail major Mothercare received government approval to invest Rs 25.87 crore in a retail joint venture in India. The speciality retailer of maternity garments, baby clothes and equipment, will pick up a 30 percent stake in a joint venture with DLF Brands, the retail management arm of realty giant DLF. The company’s huge investment will expand outlets and coverage across the country and it would give a boost in business of signage players where in-store media companies and signage providers can get on new area to exploit.

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