The coming year is expected to see some big-bang entries of global retail majors as the sector looks forward to a positive outcome on the relaxation of FDI norms in retail
Vishal Retail For Out-Of-The-Court Settlement With Lenders
November 15, 2010 By Leave a Comment
Debt-ridden Vishal Retail today said it is looking for an out-of-the-court “amicable solution” with its lenders, who had approached the Delhi High Court to stop the retailer from selling its assets. “Winding up petitions
Vishal Retail to carry out slump sale of assets, liabilities to new cos
March 13, 2010 By Leave a Comment
Discount retailer Vishal Retail appeared to have moved a step closer to the end of its once spectacular journey after a group of lenders on Friday approved a plan to move nearly all of its assets and liabilities to new companies funded by a private equity firm. Under the plan approved by the corporate debt [...]
Texas Pacific Group likely to buy Vishal Retail, convert it to Cash & Carry
March 2, 2010 By Leave a Comment
Private equity fund Texas Pacific Group (TPG) may take over the assets of the troubled Vishal Retail and convert it to a cash-and carry operation that will see the exit of RC Agarwal, who built a nationwide chain out of the shop he founded in Kolkata 24 years ago. Agarwal owns about 62% stake in [...]
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