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Partners Group to buy Vishal Mega Mart

NEW DELHI:PE firms Partners Group and Kedaara Capital Fund will acquire value retail chain Vishal Mega Mart (VMM) from PE firm TPG.

New Delhi, May 21

PE firms Partners Group and Kedaara Capital Fund will acquire value retail chain Vishal Mega Mart (VMM) from PE firm TPG.

The deal size was not disclosed but as per market sources it is expected to be around Rs 5,000 crore.

VMM has over 229 stores in 110 cities and towns across the country. The company is the franchisor of the Vishal Mega Mart brand and wholesale supplier to over 230 hypermarket stores. — PTI

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