Amazon, Samara buy India's 'More' retail chain - CNBC TV18 [Reuters]
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Source: Reuters
Amazon, Samara buy India's 'More' retail chain: CNBC TV18 | Reuters 1 Min Read (Reuters) - Amazon.com Inc ( AMZN.O ) and Indian private equity firm Samara Capital have bought Aditya Birla Group’s ‘More’ retail chain for an enterprise value of 42 billion rupees ($580.35 million), CNBC TV18 reported on Wednesday, citing sources. Aditya Birla Group confirmed the development to Reuters, but did not elaborate further. Amazon did not immediately respond to a request for comment, while Gautam Gode, the managing director of Samara Capital, said the firm does not comment on its investments. ($1 = 72.3700 Indian rupees) Reporting by Sankalp Phartiyal in Mumbai; Additional reporting by Sharnya G and Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Amazon, Samara buy India's 'More' retail chain: CNBC TV18 (Reuters) - Amazon.com Inc ( AMZN.O ) and I
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