TPG Capital 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 forms team to run Vishal

TPG Capital is putting together a team to run Vishal Retail once its takeover of the firm is complete. More than a dozen people from human resources, merchandise, finance and other areas have either come on board or are in the process of joining. Late last month, lenders involved in restructuring Vishal Retail’s debt of Rs 730 crores approved a...