Listed Finance Firm Madhusudan Sec Buying Weekender For Rs 100Cr
<!--New Delhi : -->Promoters of Primus Retail Pvt Ltd, that operates through the brand Weekender, are selling their flagship brand to a little known public listed finance firm Madhusudan Securities. According to the deal, Madhusudan Securities is acquiring the brand from Ascent Capital (formerly UTI Ventures)-backed apparel retail firm Primus Retail for Rs 100 crore partly through issue of shares that will giveshareholders of Primus majority stake in the listed company.Madhusudan will issue Read more [...]