Amazon, Samara Capital invest Rs 275 cr in supermarket chain More’s parent

E-commerce giant Amazon and private equity firm Samara Capital have jointly invested over Rs 275 crore in Witzig Advisory Services, holding firm of the More supermarket chain, according to regulatory filings, sourced from business intelligence platform Paper.vc.

Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share.

In September 2018, Samara Capital and Amazon signed a deal to acquire food and grocery retail chain More from the Aditya Birla Group, in a deal reportedly valued at around Rs 4,200 crore.