Samara Capital and Amazon are all set to announce the acquisition of Aditya Birla Group’s (AB Group) food and grocery retail chain 'More' on Wednesday, said people familiar with the matter.
Recommended ArticlesView All
World Cancer Day 2023: Early detection is crucial for reducing the global burden
Feb 4, 2023 IST5 Min(s) Read
World Cancer Day 2023: A way forward to better management of cancer this year!
Feb 4, 2023 IST6 Min(s) Read
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
Samara Capital-Amazon consortium will buy More at an enterprise value of Rs 4,200 crore, the sources said, adding that Samara Capital will acquire 51 percent, while the remaining will be held by Amazon.
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.