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.
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