The Aditya Birla Group is selling supermarket chain More to Witzig Advisory Services, owned by Samara Alternative Investment Fund, in a deal that will eventually see Amazon picking up a 49% stake, according to people with knowledge of the matter.
The deal pegged at about Rs 4,200 crore will give the online giant access to more than 500 physical outposts across the country, albeit indirectly. The Witzig-Samara end of the transaction was made public in an exchange filing on Wednesday. RKN ..
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