September 19, 2018 / 12:30 PM / a year ago

Amazon, Samara buy India's 'More' retail chain - CNBC TV18

Sept 19 (Reuters) - Inc 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 here 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)

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