Spencer’s to acquire Nature's Basket for ₹300 crore to increase footprint
The Kolkata-based retail chain will gain access to Nature’s Basket’s online platform
Last year, Godrej had earned ₹9,969 cr, out of which the turnover of Nature’s Basket was ₹291 cr
MUMBAI : R P Sanjiv Goenka Group-owned Spencer’s Retail Ltd is set to acquire gourmet retail chain Nature’s Basket Ltd for ₹300 crore, as it seeks to expand its footprint in the Western region, the company’s filings with the BSE show. The acquisition is subject to shareholders’ approval.