TPG is unhappy with negotiations over Vishal Retail

08/9/2010 | LiveMint.com/The Wall Street Journal (India)

Lenders gave TPG, a US-based private equity firm, three weeks for exclusive negotiations related to a corporate debt restructuring of Vishal Retail of India. However, Ram Chandra Agarwal, a promoter for Vishal Retail, sent a letter to the banks in support of a bid from Future Group. The development has irked TPG, sources said.

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LiveMint.com/The Wall Street Journal (India)

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