Home Retail Radhakrishna to sell stake to MNCs

    Radhakrishna to sell stake to MNCs


    Promoters of Chennai-based hospitality services major (RKHS) are in talks with leading MNCs including , and Sofra to sell the majority stake of the company, reports .

    “Many firms, including Sodexho, Aramark and Sofra, have approached us for a possible buyout. But currently, we do not want to sell out. At an opportune time, if our needs are met, and if it’s the right fit, we’ll decide,” quoted , chairman, Radhakrishna Hospitality Services in the report.

    Currently, the company is of worth Rs 4.5 billion and operates customised food distribution and retail operation through Foodland stores across India.

    — IndiaRetailing Bureau