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Access here alternative investment news about Kedaara-partners Group Set To Acquire Vishal Mart
Private Equity

Kedaara-partners Group Set To Acquire Vishal Mart

by livemint.com posted 7months ago 63 views
A consortium of Kedaara Capital and Partners Group will buy Vishal Mega Mart from TPG Capital, Shriram Group for Rs5,000 crore. : Mumbai: A consortium of Kedaara Capital and Partners Group is set to buy retailer Vishal Mega Mart for Rs5,000 crore, two people directly involved in the transaction said. He said the deal has been structured to ensure that the foreign direct investment regulations are not violated. Spokespersons for Kedaara Capital, Shriram Group, and TPG declined to comment. A Partners Group spokesperson could not be reached for a comment. Up to 51% FDI is allowed in multi-brand retail in India.