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Birlas convert Rs 2,800 crore AB Group retail bonds into equityThe fund infusion will involve allotment of 907 million fully paid up equity shares of Rs 10 each.- Samara-Amazon acquires Kumar Mangalam Birla's More retail chainAmazon has acquired 49% of More stores which will be critical for its omni-channel strategy.
- Samara Capital, Amazon to acquire Birla's retail chain 'More', Goldman Sachs outExecutives say the deal is likely to be completed in the next 10 days, possibly as early as this week.
- Aditya Birla Retail signs pact to sell retail chain More to Samara Capital for Rs 4,300 crET had reported on May 24 that Aditya Birla Group and Samara were engaged in talks and that the private equity fund had started its due dil...
- Samara Capital in talks to buy Aditya Birla Group's More for Rs 2,500 croreABRL reported a 20% increase in FY17 sales to Rs 4,194 crore, with net loss narrowing to Rs 644 crore. However, the firm had debt of about ...
- KKR, Bain Cap, TA Associates vie for 12-13% stake in Aditya Birla RetailThe potential deal pegs the value of the loss-making grocery retail business at Rs 5,000 crore, said people familiar with the talks.
- Aditya Birla Retail posts 21% sales growth, losses pile upAditya Birla Retail expects to be profitable by 2017 despite high debt burden.
- Aditya Birla Retail appoints Mohit Kampani as CEOKampani is set to take charge of food and grocery retail business of the $41 billion conglomerate from October 3.
- Kumar Mangalam Birla and family plan to invest Rs 500 crore in group’s food and grocery business“The issuance and allotment for shares up to Rs 500 crore will be in one or more tranches within a period of twelve months,” the filing sai...
- Aditya Birla Retail piles up Rs 5,320-crore lossThe retail arm of the Aditya Birla Group posted Rs 2,893-crore sales for the year ended March 2015 and its losses reduced 5% year-on-year a...
- Aditya Birla Group to buy Jubilant’s Total SuperstoreThe Aditya Birla Group has agreed to acquire Total Superstore, the retail division of Jubilant Agri & Consumer Products, for an undisclosed...
- Aditya Birla Retail borrows Rs 500 crore from Yes BankABRL has borrowed Rs 500 crore from Yes Bank as it plans to ramp up its food and grocery business, which is fast ceding share to newer riva...
- ABRL to invest Rs 100 crore to open hypermarket stores by FY'15Aditya Birla Retail Ltd (ABRL) will invest up to Rs 100 crore by March 2015 to open up to 10 large format 'Hypermarket' stores.
- Aditya Birla Retail mulls expansion of supermarket chainAditya Birla Retail (ABRL), that operates supermarkets and hypermarket formats under 'more' brand, is eyeing a break-even at the company le...
- Aditya Birla Retail to invest up to Rs 200 cr in FY'11Aditya Birla Retail on Thursday said it will invest up to Rs 200 crore this fiscal to expand its 'More' brand as it aims to capitalise on t...
- ABRL to open 10 hypermarkets, up to 100 supermarkets in FY'11Aditya Birla Retail (ABRL) plans to open 10 hypermarkets and up to 100 supermarkets this fiscal, a top company official said on Wednesday.
- Aditya Birla retail ramps up private label bizAditya Birla Retail which operates the More chain of super markets and hypermarkets is scaling up its private labels business as an indepen...
- Birla Retail for bigger biscuit forayIt is entering the two biggest biscuit segments, marie and glucose, which are dominated by Britannia and Parle, with inhouse brands.
- Birla Retail hopes to make profit by FY13Aditya Birla Retail, which runs the More brand supermarket and hypermarket stores, expects to start making profits in the next three years.
- Aditya Birla grp to continue investments in retail biz: CEOAditya Birla Retail plans to go ahead with investments in its retail business and open more stores next fiscal, a top company executive sai...
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