India, May 31 -- Recently, Spencer's Retail, the retail flagship of the Sanjiv Goenka Group, acquired Nature's Basket, Godrej's premium food retailing venture, for Rs 300 crore in an all-cash deal, unravelling possibilities of mutual synergies. Through this acquisition, Spencer's is planning to gain access into the western India market where it does not have any presence at present. Spencer's will continue with the Nature's Basket brand and may even extend it to other markets. Worldwide, acquisition remains the quickest route companies have to new markets and to new capabilities. As markets globalise and the pace at which technologies change continues to accelerate, more and more firms are finding mergers and acquisitions to be a compelli...