NIFTY 50

AB Group reportedly in talks to sell retail store brand 'More'

Updated : March 28, 2018 10:14 AM IST

CNBC-TV18 learns that AB Group is considering selling its retail store brand 'More'.

According to sources, Samara Capital is likely to buy ‘More’ at an enterprise value of over Rs 4,000 crore.

AB group had earlier explored IPO options but later decided to go for a sale of ‘More’ which has over 500 retail stores across India.
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
Live TV