Samara Capital and Amazon are likely to buy Aditya Birla Group’s retail chain More, reported The Economic Times, even as investment bank Goldman Sachs has exited the consortium.
Samara Capital-Amazon consortium will buy Aditya Birla Retail Ltd (ABRL) at an enterprise value of Rs 4,100- 4,200 crore, the report said citing two unnamed executives.
The deal is likely to be completed in the next 10 days, possibly as early as this week, the report said.
According to the report, Samara Capital will acquire 51 percent while the remaining will be held by Amazon.