L Capital Asia may buy Indian luxury retailer
L Capital Asia, the Asia-based arm of the private equity firm set up by the LVMH Group, has reportedly planned to acquire a significant minority stake in a unit of Gitanjali Gems Limited, India’s luxury brand and products retailer group, for a value estimated at between $100 million and $125 million, according to a Reuters report.
NM Rothschild and Keynote Corporate Services were said to be appointed advisors to the Indian retailer group though Gitanjali and NM declined to comment. The report further elaborated that L Capital will...
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