Alpha Partners advised online grocery service Mera Grocer on its acquisition by the hypermarket chain Spencer’s Retail which was advised by Khaitan & Co.
Alpha Delhi partner Akshat Pande acted for the Omnipresent Retail-owned Mera Grocer which currently operates in Gurgaon and some Delhi neighbourhoods.
Khaitan Mumbai partner Ashish Razdan, executive director Daksha Baxi, senior associates Alok Sonker, Shabnam Shaikh and Surajkumar Shetty, principal associate Shailendra Bhandare and associates Sunayana Bose, Abir Sarkar and Alisha Ganjawala acted for the RP-Sanjiv Goenka Group-owned multi-format retailer Spencer’s Retail.
Mera Grocer earns only Rs 5 crore in annual revenue but Spencer’s bought it less for its size and more for its robust information technology platform, reported Mint.
threads most popular
thread most upvoted
comment newest
first oldest
first
Khaitan, aren't you a bit extra tolerant of inefficiency?? Come on..
threads most popular
thread most upvoted
comment newest
first oldest
first