NIFTY 50

Aditya Birla Group sells 'More' to Samara Alternative Investment Fund, Amazon

Updated : September 21, 2018 06:32 AM IST

Samara Capital and Amazon have acquired Aditya Birla Group’s (AB Group) food and grocery retail chain 'More', for an undisclosed sum.
Pranab Barua, who heads the retail and apparel vertical of the AB Group, is likely to head the operations of the entity, added the sources.
Samara Capital-Amazon consortium will buy More at an enterprise value of Rs 4,200 crore, sources have said, adding that Samara Capital will acquire 51 percent, while the remaining will be held by Amazon.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV