RPG in Talks to Sell Spencer's Retail Stake - WSJ.com

Diversified Indian conglomerate RPG Enterprises Ltd. is in "advanced" talks with private-equity companies for selling a stake in its retail venture, Spencer's Retail Ltd., at a time when a rebound in consumer demand is spurring retail operators to seek funds for expansion.

Spencer's Retail's bigger competitors like Pantaloon Retail (India) Ltd. and Shoppers Stop Ltd. are also looking to raise funds as the economic condition in India is improving.

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