Spencer`s Retail to acquire Godrej`s Nature`s Basket for Rs 300 Cr
(WorldNews India)

Kolkata-based Spencer's Retail Ltd on Friday said it will acquire 100 percent stake in grocery chain Nature's Basket -- a wholly-owned subsidiary of Godrej Industries Ltd -- for a cash consideration of Rs 300 crore. The RP-Sanjiv Goenka Group company, which runs 156 grocery stores in 39 cities, on Friday reported a consolidated net profit of Rs 2.39 crore for the...