NEW DELHI | MUMBAI: The private equity arm of Louis Vuitton Moet Hennessy (LVMH), the world’s largest luxury goods conglomerate, plans to sell its stake in ethnic wear retailer Fabindia Overseas, two people with knowledge of the matter said. L Capital is targeting $100 million (Rs 660 crore) for its 8% holding in the unlisted Indian company, more than four times the investment it made in 2012. “L Capital had approached some advisers about two months back for determining the valuation of its st .. Read more at: http://economictimes.indiatimes.com/articleshow/50387021.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesL Capital plans to sell stake in Fabindia; cashout to plunk Rs 660 crore down LVMH coffers
Industry: Other 2015-12-31
