Q

It has been sold to private equity firm TPG and Shriram Group respectively, sending its shares up by 20 per cent. It ran into difficulties in late 2008 after failing to raise equity amid the economic downturn, received board approval in September to sell assets to repay debt, which was as high as 7.35 billion rupees as at end-June 2010. It lost about 40 per cent of its market capitalisation in the last six months following uncertainty over its future due to high debt and a court order restraining the sale of its assets. Which Retail Chain ?

A-Vishal Retail