North Indian retailer Vishal Retail Ltd. announced its plans that it was considering selling some of its stake in its business so that it could fund its expansion plans. The company had announced some time back of its intentions to expand its total retail space to over 1 million sq ft. According to its chairman and managing director, Ram Chandra Agarwal, the company will be looking to dilute its equity in around 6 months time. At present, Vishal Retail has 70 stores and will increase its total space by one million sq ft when it opens 43 stores that will be part of the first phase of its expansion.