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RKN RETAIL
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.
- Jeff Bezos may team up with KM Birla to counter Reliance and Walmart in retailSamara, a mid-market India focussed fund, reached out to Goldman Sachs and Amazon to join forces.
- 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.
- 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...
- Kumar Birla, family to invest Rs 525 crore for retail ramp-upAditya Birla Group plans to invest Rs 525 crore in the group’s retail arm and raise its borrowing limit by Rs 2,500 crore to ramp up its bu...
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