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SRS signs MOU with Spencer's Retail

22 Dec 2017 Evaluate

SRS has signed a memorandum of understanding (MOU) with Spencer's Retail on December 20, 2017 to sell the SRS Value Bazar business at an Enterprise Value of Rs 320 million. 

SRS Group, which has diversified interests in sectors including jewellery, commodities, retail, hospitality, financial services, real estate, education and healthcare, has seen a major slump in its core business.

Peers
Company Name CMP
Avenue Supermarts 3830.00
Trent 2666.00
Vishal Mega Mart 103.50
PN Gadgil Jewellers 606.65
Aditya Birla Life 78.73
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