Moneycontrol PRO

business

Lilliput Kidswear promoter writes to banks: Sources

In a fresh round of communication, Lilliput Kidswear’s promoter has written to banks seeking appointment of two new auditors for re-audit. The promoter has once again refuted the allegations made by PE investors Bain and TPG, assuring the banks of returning dues in time, reports CNBC-TV18's Siddharth Zarabi.

first published: Oct 19, 2011 10:18 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347