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Wednesday 21 September 2011

TPG, Shriram May Split Vishal Retail Partnership

Vishal Retail have soured relations between joint owners TPG Capital and the Shriram Group over infusing fresh capital into Vishal Retails to such an extent that the two have started discussing a split and division of assets. The Split comes barely six months after the two jointly acquired the debt-laden discount store chain. Shriram has expressed its inability to bring in more money, which has led to both companies exploring an split.

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