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Amazon Likely to Acquire “More” to Thwart Competition from Walmart in India

If things go as planned, Aditya Birla Group’s retail store chain, ‘More’ is likely to witness a change in the ownership structure in the days to come. Amazon along with Goldman Sachs and Samara Capital will form an independent company to acquire the loss-making food and grocery supermarket chain belonging to the Aditya Birla conglomerate. 

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