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WITZIG ADVISORY SERVICES
Amazon-backed More Retail picks banks for $300 million India IPOMore Retail, a joint venture involving Amazon and Samara Capital, is preparing for a significant Initial Public Offering, potentially raisi...- Amazon, Samara Capital pump Rs 300 crore into More RetailMore Retail’s holding company is Witzig Advisory Services which is 49% owned by Amazon and 51% by Samara Alternate Investment Fund. The fil...
- Amazon-Samara-owned retail chain More Retail’s net loss jumps 4 times in FY22 at Rs 402 croreThe Amazon and Samara Capital-owned retailer, which plans its initial public offering (IPO) over the next 12-18 months, reported earnings b...
- More Retail plans to go the IPO way for growthThe IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. S...
- Amazon-backed grocer More Retail weighing India IPO at $5 billion valueThe company is weighing a first-time share sale in Mumbai as early as June, the people said, asking not to be identified as the information...
- Samara-Amazon invests RS 275 crore into More Retail; More reduces lossesSamara Alternative Investment Fund holds 51% stake in Witzig and two Amazon entities -- Coda Holdings Singapore and Coda Holdings 3 LLC – t...
- Indian supermarket chains to go on expansion spreeRiding on a sharp recovery from pandemic-led blows, supermarket chains are aggressively looking to expand nationwide in the coming years, a...
- Amazon stake knot in any Reliance-Future dealAmazon owns 3.5% in Future Retail, the Future Group flagship that Reliance Retail is said to be interested in.
- Kishore Biyani may sell big Future Retail stake to AmazonKishore Biyani is planning to sell a massive stake to Amazon in an attempt to keep its crown jewel afloat.
- Future’s Amazon deal set to close soon: Kishore BiyaniAmazon had sought CCI approval last month for its proposed Rs 1,500 crore deal to acquire 49% of Future Coupons through its investment arm,...
- More Retail rejigs senior management teamMore Retail currently owns and runs 600 eponymous supermarkets and 21 hypermarkets located across the country.
- Amazon backed More Retail plans to double stores in next four yearsMore Retail currently owns and runs 600 eponymous supermarkets and 21 hypermarkets located across the country.
- Merger and acquisition deal value drops 96% to USD 735 million in AprilAccording to a report by consultancy Grant Thornton, in April last year, the total M&A deal value stood at USD 19,142 million.
- Amazon caps voting rights in More supermarket owner Witzig Advisory Services at 17%Etailer's stake to comprise 17% class A shares with voting rights and 32% class B shares with none.
- Samara Capital-Amazon's joint bid to acquire supermarket chain More gets CCI nodThe revised DIPP norms may make it difficult for Amazon to strengthen the relationship between its India marketplace.
- More trouble for Amazon after CCI's notice to Samara CapitalCCI wants to know how the deal to acquire the More chain is in line with revised FDI rules for ecommerce.
- Amazon in advance stage to buy stake in Future RetailA final shape to an agreement between the two parties is expected to take place within the next 10 days, the sources said.
- Amazon in talks to buy stake in Future RetailAmazon, which is looking to expand its presence in India, already has stake in Shoppers Stop and More.
- More buyer Witzig confirms Amazon backingAnalysts say acquisition of Aditya Birla Retail’s supermarket chain is likely to face scrutiny in the backdrop of popular opposition to mul...
- 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.
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