InvestorQ : What is the road ahead for Future Group? Have they found a buyer?
Arya Nanda made post

What is the road ahead for Future Group? Have they found a buyer?

Answer
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Deepa Salunkhe answered.
3 months ago


There are several suitors willing to throw in their hat to take a stake in Future Retail. The suitors include Reliance Retail and PE Samara Capital; both of which are in advanced talks to buy a stake in Future Retail. If the deal goes through then Biyani will have to give up control. The Future group has been under pressure due to rising debt and inability to monetize its assets on time. The stake sale will help the Future group pare its large debt. The terms of the deal will decide whether the Biyanis retail control of the business or not. Samara Capital may only be interested in Future Retail but Reliance may look at an additional stake in Future Lifestyle Fashions too. Samara Capital is not new to the India retail scene as it owns the More chain in partnership with Amazon.