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Madhusudan Securities buys Weekender

Weekender the popular garment retail chain is being sold off to Madhusudan Securities, a public listed finance firm, for Rs 100 crores. Set up in the late 1980s, Weekender was acquired in 2007 by Primus Retail. Primus will continue to have a majority stake in the chain. According to the deal, Madhusudan Securities is acquiring the brand from...

22 Feb 2011