The TPG-Shriram Group takeover of Vishal Retail is in its final stages, The combine is now expected to takeover operational control of the debt ridden Vishal Retail in the next few days.
After almost of year of negotiations, the private equity firm TPG Capital and Chennai based Shriram Group had come to an agreement with Vishal Retail in September to take over the setup.
It is understood that all the finer details have been worked out and the combine will now takeover operational responsibility. Vishal Retail today has a chain of 80 outlets spread across India.
After almost of year of negotiations, the private equity firm TPG Capital and Chennai based Shriram Group had come to an agreement with Vishal Retail in September to take over the setup.
It is understood that all the finer details have been worked out and the combine will now takeover operational responsibility. Vishal Retail today has a chain of 80 outlets spread across India.
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