Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events
×

Investment firms eye Indian retailer

Asian investment firms, including Singapore’s Temasek, are eyeing 30 per cent of Indian retailer Aditya Birla.

The investors, which also include L Capital, the investment arm of LVMH Group, and International Finance Corporation, a unit of World Bank, are reportedly in advanced talks to buy a minority stake in Aditya Birla Retail, whose portfolio includes Madura Fashion and Lifestyle and Pantaloons, for $400 million – $500 million.

Aditya Birla plans to use the fund to expand its retail network across the country.

Temasek declined to comment on the report while L Capital and IFC were unreachable.

You have 7 free articles.