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
Debt-Struck Koutons In Talks To Shed 15%
December 23, 2010 By 1 Comment
Debt-laden retailer Koutons is considering selling up to 15% stake to raise cash to pay down excessive debt and revive its flagging fortunes. A few private equity funds
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
Pegasus Buying Lenders, Bad Loans In Vishal Retail
November 3, 2010 By Leave a Comment
Foreign lenders to Vishal Retail are unloading their bad loans to Pegasus Asset Reconstruction Company, a sign that a major stumbling block in the way of a deal to sell the troubled retailer is being removed.
To Act On Sale Only After Getting Court’s Order: Vishal Retail
September 21, 2010 By Leave a Comment
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…
Vishal Retail board oks biz sale for Rs 1 billion
September 13, 2010 By Leave a Comment
Vishal Retail said on Monday its board has approved sale of its retail trading business to Shriram Group. The board also approved sale of its wholesale business, institutional sales and…
Vishal Retail may become a shell company on Texas Pacific recast
July 14, 2010 By Leave a Comment
Cash-strapped Vishal Retail may soon become a shell company if the restructuring package proposed by lenders is implemented. Texas Pacific Group (TPG), which has agreed to infuse Rs 500 crore, has put in a condition that…
Yet to finalise details of agreement with TPG: Vishal Retail
June 27, 2010 By Leave a Comment
NEW
DELHI: Cash strapped Vishal Retail, linked with private equity firm TPG for a
possible stake sale, today said it is yet to finalise details of an agreement
entered by it with the US-based investment company.
…
Lenders appeal on Vishal Retail asset sale
June 4, 2010 By Leave a Comment
Lenders of bankrupt Vishal Retail who are part of the corporate debt restructuring (CDR) effort on its debts are planning to appeal against the High Court order that stops the sale of the company’s assets. The HC order was in response to a petition filed by DBS Bank, one of the non-CDR lenders, against the [...]
Vishal Retail denies cooking books, blames auditors
March 19, 2010 By Leave a Comment
Debt-ridden Vishal Retail today denied fudging accounts, blaming it on printing errors by auditors, and said the firm will soon complete its corporate debt restructuring (CDR) exercise. Reacting to a media report that the company inflated profits and under-reported losses during the nine-months ended December 2008, Vishal Retail Chairman Ram Chandra Agarwal told PTI it [...]
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