Share this article

India-based Aditya Birla Retail has acquired Jubilant Industries’ hypermarket business for an undisclosed amount.

The slump sale deal includes the acquisition of Total Superstore Business (Total Undertaking), the retail division of Jubilant Agri & Consumer Products Limited (JACL), The Press Trust of India reported.

As part of the deal, Aditya Birla Retail will acquire the leasehold rights for four hypermarkets of Total Undertaking in Bangalore, along with movable and immovable assets, a warehouse, an office premise, working capital, trademarks and intellectual property.

The acquisition also covers other rights associated with Total.

Aditya Birla Group Apparel & Retail Business director Pranab Barua said: "The acquisition of Total Undertaking is a good strategic fit for ABRL in terms of its store locations and catchment areas."

The acquisition is subject to approval of shareholders of JACL and Jubilant Industries, as well as regulatory approvals including, but not limited to approval from the Competition Commission of India.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

This comes after Aditya Birla merged its apparel businesses into a entity named Aditya Birla Fashion and Retail, earlier this year.

Aditya Birla Retail operates a chain of food and grocery retail units, supermarkets, and hypermarkets in India.

It offers products, such as bakery products, beauty concepts, beverages, apparel (men/women), cutlery and cookware products, fruits and vegetables, frozen and dairy products, fast moving consumer goods, and grocery products, besides others.