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Virgin for Essar

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Richard Branson’s Virgin Group and Essar Group may enter an agreement for technical support and store design for the latter’s mobile retailing venture. The companies have agreed to sign a strategic pact in this regard.

Essar group has recently announced an investment of about Rs. 1,110 crore in its mobile retail venture. Essar will also sell Virgin mobile phones in India, besides other brands in its MobileStore.

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