Announced
Synopsis
India’s Spencer’s Retail, a part of RP Sanjiv Goenka Group, agreed to acquire upmarket grocery chain Nature's Basket from Godrej Industries for INR3bn ($43m). Spencer's runs its own grocery stores in parts of the country. "Nature's Basket has a strong portfolio of private label brands which has huge traction with its consumers," Goenka said, adding that RPG would also benefit from the chain's online grocery business.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
By continuing, you agree to our Terms & Conditions and our Data Privacy Policy
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.