Jubilant Agri and Consumer Products transfers 4 hypermarkets to Aditya Birla Retail
Jubilant Industries announced that its subsidiary, Jubilant Agri and Consumer Products (JACPL), has executed the Business Transfer Agreement to transfer its retail hypermarket business undertaking consisting inter alia of 4 (four) hypermarket stores in Bengaluru, India along with certain specified assets and liabilities (Retail Undertaking) as a going concern to Aditya Birla Retail on 12 August 2015, post receipt of all necessary regulatory and third party approvals, including the approval of the Competition Commission of India.The Proceeds from the transaction would be utilised for reducing the debt of JACPL.
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