Spencers Retail’s will buy upmarket grocery chain Nature’s Basket from Godrej Industries for ₹300 crore, both said on Friday. Spencers, a part of RP Sanjiv Goenka Group, already runs its own grocery stores in various parts of the country. The deal will give Spencers access to the western part of India through 36 stores of Nature’s Basket in Mumbai, Pune and Bengaluru, Shashwat Goenka, who leads RPG’s retail unit, said in a statement. Shareholders will closely monitor the development.