date:Nov 07, 2018
organised food and grocery market through the Big Bazaar and Nilgiris supermarket chains and other outlets. The deal by Amazons investment arm is pegged at about Rs 2,500 crore (USD 340mln). Future Retail has more than 1,100 physical stores across India. Amazon, through the foreign portfolio investor (FPI) route, will buy about 9.5% stake in Future Retail and has already signed a term sheet. The deal will be announced after board approval on November 14, said one of two people aware of the matte