RIL, TCG front-runners to take over iconic Garden Vareli brand: Sources
Oil-to-telecom conglomerate Reliance Industries (RIL) and Purnendu Chatterjee-promoted The Chatterjee Group (TCG) have emerged front-runners to take control of the financially struggling Garden Silk Mills Ltd, people in knowledge of the development said.
Garden Silk Mills was the producer of iconic saree brand Garden Varelli and currently is in acute financial crisis.