Vishal Retail may turn to TPG, Indian investors for capital
Indian superstore chain owner Vishal Retail is considering linking with local and pan-regional investors, including private equity fund TPG Capital, within two to three months, to slash debt and raise capital following a fiscally-strained period.
According to reports, the company, which vends clothing, textiles, accessories and FMCG products thought 171 retail stores, approached its lenders in November to restructure its debt. Those negotiations...
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