Countdown

  • SENSEX
    NIFTY 50
Retail

Amazon, Goldman Sachs and Samara Capital likely to acquire grocery chain 'More', says report

Updated : August 20, 2018 12:14 PM IST

'More' currently has a valuation between Rs 4,500 and 5,000 crore.
Goldman Sachs Special Situations Group is likely to be the investment bank for this deal.
The three are planning to float a separate company or special purpose vehicle (SPV) so that Amazon will be able to pick up a 49 percent stake as the “strategic partner”.
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