INSUBCONTINENT EXCLUSIVE:
selling at least 10 per cent stake to a global retailer.
Future Enterprises raced 17.24 per cent early today to hit a high of Rs 42.50
At 10:02 am, the scrip was up 12 per cent
That of Future Consumer rose 6.60 per cent to Rs 60.60 on the BSE
Future Lifestyle Fashions gained over 5 per cent
At the time of filing this report, the stock was up 4.62 per cent
But a person in the know said Biyani has held early talks with Walmart and Amazon, the two American retail giants which will now be direct
Amazon, for example, invested in a retail company through its investment arm, the route through which it picked up a 5 per cent stake in
Shoppers Stop, analysts said.
An Indian company can dilute up to 49 per cent stake to multiple FPIs
