The RP Goenka (RPG) Group has sold its 50 per cent stake in mobile and laptop retail chain RPG Cellucom to its joint venture partner Arun Nagar, founder and owner of Dubai-based Cellucom.

The RP Goenka (RPG) Group has sold its 50 per cent stake in mobile and laptop retail chain RPG Cellucom to its joint venture partner Arun Nagar, founder and owner of Dubai-based Cellucom.

While no financial details have been disclosed, industry analysts peg the deal value at Rs 1.5-Rs 2 billion. Cellucom, which is spread over Asia, Eastern Europe, South America and Africa, currently has over 200 retail stores across India, and plans to set up 500 stores by March 2010.