Home Progressive Grocer Aditya Birla Retail set to takeover Jubilant’s Total hypermarkets

Aditya Birla Retail set to takeover Jubilant’s Total hypermarkets

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Aditya Birla Retail, part of the $ 40 billion corporation, , has announced a tuck-in-acquisition deal with to take over the latter’s Total hypermarket chain, according to unconfirmed media reports. This is the second acquisition for Aditya Birla, the first being its 2007 buyout of .

Total is likely to be merged with Aditya Birla Retail’s hypermarket and supermarket brand More. Aditya Birla Retail currently operates over 500 supermarkets and 16 hypermarkets under the More brand.

Bangalore-based Total Super Store operates five stores, with the hypermarket format spanning across over 400,000 sq.ft of area. Serving over eight lakh customers every month, the outlets are located in densely populated areas of the city.