💨 Abstract

Financial R&D-focused investor AltG is considering an acquisition offer for Godfrey Phillips India's grocery and convenience retail chain, 24Seven. AltG sees potential in the 24Seven brand despite its impaired balance sheet and plans to initiate financial restructuring to revitalize and expand the chain's operations. The retail division has a negative net worth and generated 7.6%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖