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Kumar Mangalam Birla's retail venture, Aditya Birla Retail, is reportedly open to roping in a financial investor to fund its expansion plans. Even though the company declined comment, it is learnt from sources that the firm is not averse to diluting its equity by about 10% to a sleeping partner. However, it would rather wait for more clarity on the regulatory front with respect to such investments.
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Pepe's global owners plan to take direct control of Pepe India via a joint venture, reported CNBC-TV18, quoting VCCircle. The foreign owners plan to keep up to 51% stake. Pepe is looking for a local partner. The owners are in talks with Shoppers Stop and the Landmark Group. Pepe is among the largest denim brands in India. Pepe India's annual turnover is Rs 300 crore.
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Private equity major Actis and original promoter group of Nilgiri Dairy Farm are in the midst of conciliatory discussions to jointly and amicably steer the Bangalore-based retail firm's operations. Simply put, Actis and the family are reworking the existing relationship to steady the operations of Nilgiri Dairy Farm, which operates a network of 100 odd food and grocery stores in South India through franchisee arrangements under Nilgiri's brand. However, no further detail was available regarding the ongoing settlement talks.
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