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Vishal retail is in trouble

Written By Views maker on March 02, 2010 | 3/02/2010

Private equity fund Texas Pacific Group (TPG) may take over the assets of the troubled Vishal Retail and convert it to a cash-and carry operation that will see the exit of RC Agarwal, who built a nationwide chain out of the shop he founded in Kolkata 24 years ago. The latest proposal being considered by the corporate debt restructuring (CDR) committee of Vishal does not involve a fresh infusion of funds into the struggling retailer