date:Sep 21, 2018
azon acquire Birla Groups More retail chain for Rs 4200 Cr
After months of discussion and negotiation, homegrown PE firm Samara Capital and Amazon have signed a deal to acquire food and grocery retail chain More. The board of Aditya Birla-owned company has agreed for the deal for about Rs 4200 crore enterprise valuation. While Samara Capital is acquiring 51% stake, remaining 49% would be acquired by Amazon. More is the fourth largest supermarket chain in India after Reliance Retail, DMart and Fu