Amazon, Samara Capital in talks to acquire More2 min read . Updated: 20 Aug 2018, 08:32 AM IST
Samara Capital and Amazon will jointly place their funds in a shell entity, which in turn will buy More supermarkets from Aditya Birla Group
New Delhi: Amazon.com Inc. is in advanced talks to acquire 42-49% in Aditya Birla Retail Ltd’s More supermarket chain, according to three people directly aware of the talks, as the US e-commerce giant doubles down on the grocery business in India. Amazon is joining hands with India-focused private equity firm Samara Capital for a complete buyout of More from the Aditya Birla Group for ₹ 4,200-4,400 crore, the people cited above said on condition of anonymity.
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