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Mergers & Acquisitions | 29 November 2012

Global Retailer - Esprit To Exit India By Year End

by Vivek Singh
 
@vivek
At a time when India opened up the gates of FDI into multi-brand and single brand retail, there comes Esprit’s plan to exit the Indian market by the end of 2012.

It operates in India through a distribution agreement with Madura Fashion and Retail, Aditya Birla Group’s lifestyle retailer, since 2005.

Esprit had been incurring losses of around R20-25 Cr per annum.

Accion's Frontier, Sama Capital & Existing Investors Invest In Shubham Housing

Accion's Frontier Investments, Sama Capital and existing investors - Elevar Equity and Helion Venture Capital have invested $8 Mn in Shubham Housing Development Finance Company in second round of funding.

Read More...

Shriram Properties In Talks To Raise Funds

Shriram Properties Private Limited is in talks with four PE funds including existing investors to raise around R1500 Cr to fund its growth plans.

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