Now Reading: Siguler Guff explores stake sale in Baazar Retail for Rs 5,000 crore
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Siguler Guff explores stake sale in Baazar Retail for Rs 5,000 crore
Siguler Guff explores stake sale in Baazar Retail for Rs 5,000 crore
Siguler Guff and other investors in Baazar Retail are exploring a sale of their stake, valuing the operator of the Baazar Kolkata chain at Rs 4,000-5,000 crore, three sources told Livemint. The…
The Story in Brief
Siguler Guff and other investors in Baazar Retail are exploring a sale of their stake, valuing the operator of the Baazar Kolkata chain at Rs 4,000-5,000 crore, three sources told Livemint. The global private equity firm, along with O3 Alternatives and NR Group, bought a 51% stake in 2018. O3 Capital is advising the deal.
Baazar Retail runs over 250 stores across West Bengal and 10 states. FY25 revenue rose to Rs 1,324.83 crore from Rs 1,182.38 crore, but losses jumped from Rs 57.52 crore to Rs 127.48 crore. Competitors include V-Mart Retail and Citykart. The firm's income was estimated at Rs 1,157 crore in the first eight months of FY26.
The Indian Opinion
The planned exit by Siguler Guff and other investors is another test for India's value-retail story. Promoters talk up margins from private labels and efficiency, yet Baazar Kolkata's losses widened to Rs 127 crore even as revenue grew. The real number to watch is not the headline valuation of Rs 5,000 crore but the final transaction multiple: if it matches Crisil's revenue estimate of Rs 1,157 crore for eight months, the buyer will have to believe losses are temporary.
Source: livemint.com
This story was synthesised by AI from the source linked above.
