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Apparel

Monte Carlo to get PE funds worth Rs 180 cr

Private equity firm Samara Capital is close to investing Rs 180 crores in Ludhiana-based apparel retailer Monte Carlo Fashions. Monte Carlo, which is part of the Punjab-based Nahar Group, will sell 20 per cent for the consideration, valuing the 26-year-old brand known for its woolen wear at Rs 1,000 crores. Religare Capital Markets and KPMG...

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