Vishal Mega Mart news and archive

A new consortium set to buy Vishal Mega Mart

A consortium of Kedaara Capital and Partners Group is set to buy retailer Vishal Mega Mart. While Kedaara will look after front end operations at the firm, Switzerland-based Partners will manage the back-end. Kedaara Capital is an India-registered alternative investment fund. Up to 51 per cent FDI is allowed in multi-brand retail in India....

Business

PremjiInvest, KKR in race to acquire Vishal Mega Mart

KKR and Wipro founder Azim Premji’s family office PremjiInvest have joined the race to buy fashion hypermarket chain Vishal Mega Mart. KKR and PremjiInvest submitted separate bids for the stake, the two people cited above said on condition of anonymity. US-based Carlyle Group, a consortium of Kedaara Capital and Partners Group, and online...

Business

PE investor TPG looking to sell stake in Vishal Mega Mart

American PE investor TPG is looking to sell its stake in India’s sixth-largest wholesale and retail chain, Vishal Mega Mart, in a deal that could value the company at over Rs 1,500 crore. TPG has appointed Kotak Mahindra Capital as a financial adviser to help in the sale of the asset it acquired seven years ago. TPG owns the wholesale unit of...