Shriram Group news and archive

No differences with TPG, says Shriram Group

Vishal Retail owners, Shriram Group has cleared doubts about their souring relationship with US-based partner TPG Capital, a private equity company. There were rumours about a possible break-up between the two over Shriram’s inability to invest fresh funds in the debt-ridden Vishal Retail. The Rs 30,000-crores Shriram Group announced that their...

Apparel

Vishal Retail caught between TPG and Shriram

Vishal Retail is in the news again and this time because of the differences between its owners TPG Capital and the Shriram Group. The discount retail chain has already suffered heavily due to mounting debts and now the two owners are at loggerheads over fresh capital investment into the venture. The scuffle seems to be leading both the groups...

Apparel

TPG-Shriram takeover Vishal Retail

PE firm TPG Capital and Chennai-based Shriram Group have closed the transactions to take over Delhi-based loss-making company Vishal Retail. While TPG has acquired the wholesale and franchise undertaking of Vishal Retail, Airplaza Retail Holdings, a part of the Shriram Group, has acquired the retail undertaking. TPG will invest Rs 200 crores...