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Mumbai-based electronics retailer Vijay Sales has wrapped up its first-ever acquisition with the buyout of Hyderabadbased electronics retail chain TMC Electronics. The buy gives Vijay Sales an immediate foothold in the lucrative South India market, with TMC’s chain of 19 stores. According to sources, the deal involves the Gupta family of
Vijay Sales buying out all four promoters from the Nangunuri family, which controlled TMC Electronics (erstwhile Tirumala Music Centre).
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