India: Aditya Birla Retail may refinance debt up to $220m

India: Aditya Birla Retail may refinance debt up to $220m

A file photo of a More supermarket. Aditya Birla Retail had debt of Rs5,936 crore as on 31 March 2016. Photo: Pradeep Gaur/Mint

Aditya Birla Retail Ltd, which operates supermarkets and hypermarkets under the More brand, is looking to refinance debt to the tune of Rs1,500 crore as it looks to reduce its interest cost, two people aware of the development said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter