Exit Vishal Retail: Sharmila Joshi

Exit Vishal Retail, says Sharmila Joshi, Head of Equities, Fairwealth Securities.

Joshi told CNBC-TV18, "In Vishal Retail the sale that we are talking of is slum sale. This is a process really that you just sell off everything without really getting into the nitty-gritty that who much is the asset worth, how much is X worth as much as Y worth. So you just sell off everything at Rs 70 crore as a part of CDR exercise. So having done that what now the company will do they will sell of their individual assets and hope to repay the kind of debt that they have in their books."

She further added, "I won