Leading Indian food and grocery discounter Subhiksha is set to acquire a majority stake in Chennai-based firm Blue Green Constructions and Investments Ltd, with the boards of the two groups meeting today (Monday) to discuss the move.
The merged group - Subhiksha Ltd, is expected to list on the Bombay Stock Exchange and the national stock exchange, it said in a statement.
'This transaction will ensure that Subhiksha has access to capital and continue on the track of growth,' said Subhiksha founder Ramaswari Subramanian.
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