Future Group has made an offer for distressed Vishal Retail Ltd that could derail a bid by TPG Capital LP to acquire the troubled company, according to sources. TPG had obtained the approval of lenders to purchase Vishal in March. The Indian retailer’s board had last month approved a non-binding, non-exclusive memorandum of understanding for talks with TPG.
Vishal’s bankers, including State Bank of India, HDFC Bank Ltd and ING Vysya Bank Ltd among others, are currently engaged in the restructuring of debt amounting to Rs730 crore. Some of the banks that are not part of the debt recast, including Singapore’s DBS Bank Ltd, London-based Barclays Bank Plc and Deutsche Bank AG, have filed separate winding-up petitions against Vishal in the Delhi high court.
crackcrackCompany Name | CMP |
---|---|
Avenue Supermarts | 4529.35 |
Aditya Birla Fashion | 205.50 |
Trent | 3961.80 |
Future Retail | 2.05 |
Electronics Mart Ind | 191.00 |
View more.. |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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