Mumbai-based electronics retailer Vijay Sales has just wrapped up its first-ever acquisition with the buyout of Hyderabad-based electronics retail chain TMC Electronics. The buy gives Vijay Sales an immediate foothold in the lucrative southern market with TMC’s chain of 19 stores. The deal was inked with the Gupta family of Vijay Sales buying out all four promoters from the Nangunuri family, which controlled TMC Electronics.
The market has generally been slow be it televisions or home appliances. Dishwashers saw a spurt for a couple of months, but the boom seems to be over for that...Read More