(Reuters) - Amazon.com 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 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)
Disclaimer: No Business Standard Journalist was involved in creation of this content
