Vishal Retail to add 50 stores by March - CMD

NEW DELHI, Sept 8 (Reuters) - Vishal Retail (VIRL.BO: Quote, Profile, Research) will add 50 stores by March 2009, taking its network of stores to 190, its chairman told investors during the discount retailer's annual general meeting on Monday.

"We will be concentrating on the franchisee model for further expansion," Ram Chandra Agarwal, who is also the firm's managing director, said. (Reporting by Rakesh Sharma; Editing by Harish Nambiar)