Kishore Biyani to sell Future Supply Chain, puts debt cleave worth on hasty tune

Kishore Biyani to sell Future Supply Chain, puts debt cleave worth on hasty tune

Kishore Biyani-promoted Future Group has put its logistics arm, Future Supply Chain on the block, sources told CNBC-TV18. Recently, the Future Group had announced plans to exit its insurance joint ventures. These moves are part of the group’s efforts to sell non-core assets to repay loans to banks and redeem shares pledged with other lenders.CNBC-TV18…

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Kishore Biyani plans to promote primary stake in Future Retail to Amazon

Kishore Biyani plans to promote primary stake in Future Retail to Amazon

Cash-strapped Kishore Biyani is offering to sell a significant stake in his crown jewel Future Retail to Amazon as the Indian retail major tries to pare its debt levels.Future Group is considering demerging the food business of Future Retail into a separate entity to make it compliant with India’s foreign direct investment norms, say sources…

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