date:Nov 26, 2013
e stores are run by franchisees and Nilgiris gets a fee for use of the brand and by selling bakery and dairy products to the franchisee stores. So the revenue is not all on Nilgiris' books. According to me, the enterprise valuation should not be more than 450 crore, the person aware of the discussion said.
Last year, India allowed foreign supermarket chains to own up to 51% in domestic retailers. On the other hand, Biyani is also on a selling spree. Earlier this month, the group said it had div