Vishal Retail on Monday said it will decide the future course of action on its plan to sell retail and wholesale operations in accordance with the Delhi High Court order, which has upheld an objection by…
To Act On Sale Only After Getting Court’s Order: Vishal Retail
September 21, 2010 By Leave a Comment
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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