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Samara-Amazon signed deal with Aditya Birla and acquires ‘More’

Samara-Amazon signed deal with Aditya Birla and acquires ‘More’

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Signed deal with Aditya Birla, Samara Capital and Amazon is acquiring Aditya Birla’s food and grocery retail chain, ‘More’ for an enterprise valuation of around Rs 4,200 crore. The deal was signed on Wednesday around 1.30 pm at the Aditya Birla Group headquarters. Currently, Aditya Birla Retail Ltd. is having 575 More stores. Where Samara Capital has acquired 51% of the retail chain, Amazon has acquired the reaming 49%.

read more at Economic Times

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