While there is no formal word yet, it is well known that banks are desperately scouting for a buyer for the Future group companies after Kishor Biyani had defaulted on his loans to the banks. Biyani is the founder of the Future Group with its interests spread across different classes of retail. In the last few years, the Future group has been gradually getting deeper into a debt morass and the last straw came when the recent shutdown put a bar on malls and multiplexes across India. That is not great news for the shareholders of the Future group.