Samara Capital Agrees to Acquire More for US$627 Million (Asia)
Source(s): Economic Times | Author(s): Kala Vijayaraghavan and Sagar Malviya
India-focused private equity fund manager Samara Capital has agreed to acquire India-based grocery chain More from Aditya Birla Retail, the retail arm of India-based conglomerate Aditya Birla Group, at an enterprise value of INR43 billion (approximately US$627 million). The deal is expected to close by September 2018.