Reply to post: "Sanjeev Narula to sell debt-ridden Lilliput"

... Bain Capital and TPG, will sell the brand and its retail assets, along with his two estranged partners. "I have no option but sell," said Narula who holds majority stake in the company. "The company can't service the debt any more,'' he added.

http://economictimes.indiatimes.com/news/news-by-industry/cons-products/garments-/-textiles/new-article/articleshow/11983235.cms