V-Mart Retail has acquired A.M. Marketplaces’ LimeRoad business on November 10, 2022. The acquisition of LimeRoad Business under the Transaction is proposed to be made in furtherance of company’s objective to expand its presence Omni channel value fashion retailer. Earlier, the company had entered into a business transfer agreement with A.M. Marketplaces and certain other parties for the acquisition of its LimeRoad business as a going concern, on a slump sale basis, for a lump sum consideration.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities.
