GHCL, Welspun in fray for Linens 'n Things: Srcs

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GHCL, Welspun in fray for Linens 'n Things: Srcs

Indian companies including GHCL, Welspun India are eyeing US-based Linens N Things, reports CNBC-TV18, quoting sources. "Talks for Linens N Things are in the early stage. The process may take up to six months."

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » RELATED NEWS Buy Welspun Gujarat, tgt Rs 608: Emkay Welspun Gujarat continues to slide Welspun Gujarat's net profit up by 146% Welspun Guj seeing 20-30% topline growth in Q1FY09 Welspun Guj Q4 net profit at Rs 102 cr ALSO READ See latest News about Guj Heavy Chem See previous management interviews See what other Experts & Brokerages are saying about Guj Heavy Chem Guj Heavy Chem BSE | NSE 25/05/12 Are Mutual Funds betting on Guj Heavy Chem? Other Stocks in this news Welspun India |

By Nimesh Shah, CNBC-TV18

Indian companies including GHCL  and  Welspun India are eyeing US-based Linens 'n Things , reports CNBC-TV18, quoting sources. "Talks for Linens 'n Things are in the early stage. The process may take up to six months. Funding will be a key challenge for any Indian company."

The US-based retail giant operates 588 stores in US and Canada and employs a staff of 17,500.

Welspun India's management said it has not put a bid for Linens 'n Things while GHCL's management said it cannot comment on market speculation.

Linens 'n Things reported sales of USD 2.8 billion and a loss of USD 191 million. It had filed for bankruptcy under Chapter 11 on May 2, 2008.

CNBC-TV18 Disclaimer

This information is source-based and has not been provided to the stock-exchnages.