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NILGIRIS GROCERY CHAIN
Reliance Industries moves CCI for Future Group deal nodIn August, RIL announced the deal to acquire the Kishore Biyani-promoted Future Group as going concerns on a slump sale basis for Rs 24,713...- Future Group shares rally up to 20% on deal with RIL“Reliance Retail Ventures Ltd (RRVL), subsidiary of Reliance Industries, will acquire the retail and wholesale business and the logistics a...
- RIL in talks with Future’s lenders for 30% haircutThe negotiations involve a haircut of nearly 30% on outstanding loans of more than ₹6,000 crore and refinancing part of the borrowings for ...
- As India marched to stock up, stores saw bumper salesEven e-grocers such as Grofers and BigBasket joined the league with record sales in March and April despite disruptions due to lack of labo...
- Meesho, Shopclues, NoBroker, others enter online grocery space for survivalThe foray into grocery and delivery of essentials have also been pushed by local governments and allows these businesses to get curfew pass...
- Biyani company valued at Rs 43,000 crore: Amazon gets coupons to invest in Future RetailThe Seattle-based retail giant will buy a 49% stake in Future Coupons, a promoter group co of Future Retail.
- Future Retail a step closer to Amazon dealET had reported in February that Future Group will route its stake sale through Future Coupons so that Amazon can adhere to the foreign own...
- Bigger bazaar: Most future brands hop on to AmazonKishore Biyani's Future Retail runs more than 1,600 stores across food, grocery and general merchandise.
- Amazon may stock up on Kishore Biyani's coupons to bag Future Retail prizeFuture controls about a third of India’s organised food and grocery market through Big Bazaar and Nilgiris.
- Future Retail to raise Rs 2k crore from promoters to cut rental costsEquity infusion, coupled with inflow of upside share of Bharti and Heritage Retail, will help reduce lease rentals payable to another group...
- This Indian businessman is not afraid of Amazon's growing cloutWhen Amazon enters the battlefield, Kishore Biyani’s brick-and-mortar will test the American firm's strategy, stamina and strength.
- Kishore Biyani readies his arsenal in looming online-offline war with AmazonAmazon will try to pitchfork itself into the market with aggressive pricing. But that’s where Future Retail will offer a challenge.
- Future Group acquires Sangam Direct chain of grocery storesWadhawan operate the stores under Sangam Direct in Delhi NCR and in Bengaluru. The sources said Sangam Direct business has a revenue of abo...
- Future Group in talks to buy Heritage Foods’ retail divisionIf the transaction goes forward, this will be Biyani’s fourth acquisition in as many years, as his Future Group consolidates its position.
- Future Group acquires Nilgiris grocery chain for about Rs 300 croreFuture Group will own all of Nilgiris. This includes the 65% stake of Actis Capital and that held by the Mudaliar family.
- Kishore Biyani's Future Group acquires supermarket chain NilgirisFuture Group CEO Kishore Biyani said, "FCEL's acquisition of Nilgiris is another step towards building a robust convenience store network i...
- Future Group to acquire Nilgiris for up to Rs 175 crFCEL is part of Biyani's ambition to expand the private brand business into a Rs 10,000-crore enterprise by 2018. Biyani, chief executive o...
- Kishore Biyani's Future Group in talks with Actis Capital to buy supermarket chain NilgirisIf the deal goes through, it will give Biyani control over 140 supermarket chains in south India, where Future Group is trying to boost pre...
- CLB asks Nilgiris Dairy Farm to hold allotment of rights sharesThe Company Law Board in Chennai has asked Nilgiris Dairy Farm not to allot shares to those participating in the company’s ongoing rights i...
- Foreigner-frequented shops to benefitThanks to the new trade policy, retailers can now import capital goods such as freezers, air-conditioned trucks, fittings, furniture, IT sy...
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