TPG finally takes control of Vishal Retail
Six months after TPG received the go-ahead to acquire the wholesale unit of distressed Indian superstore chain Vishal Retail, the PE firm has reportedly taken control of the asset, further seeing its investee Shriram Group acquiring a separate part of the Vishal business.
According to local reports, TPG now manages Vishal's wholesale, institutional sales and franchise divisions while Shriram Group operates the retail trading business. Vishal's portfolio is comprised of...
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