The Mobile store valued Rs. 1000 Crore
Essar group powered ‘The Mobile store’ has been valued rs. 1000 crore. A private equity firm IL&FS has acquired 10% share for rs. 100 crore. It has been confirmed by Essar however details has not been pursed out. The mobile store is India’s biggest mobile retail chain. They have acquired Xcite recently and now sold 10% share to venture capitalist.
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