 "Shoppers Stop")
With private equity firm, TPG Capital's reported plans to sell Vishal Megamart, consolidation is gaining ground in the Indian retail sector, said, analysts and retailers.
TPG Capital which bought the wholesale business of Vishal Megamart seven years ago is looking to sell the unit and the valuation could be around Rs 1,500 crore, according to reports.
"It is quite natural that they being an investor want to exit their investment to book profits. They have turned it around and now want to sell," said an investment banker who refused to be quoted.
TPG plans are a continuation
TPG Capital which bought the wholesale business of Vishal Megamart seven years ago is looking to sell the unit and the valuation could be around Rs 1,500 crore, according to reports.
"It is quite natural that they being an investor want to exit their investment to book profits. They have turned it around and now want to sell," said an investment banker who refused to be quoted.
TPG plans are a continuation
