Future Group subsidiary Pantaloon Retail is planning to raise up to Rs 500 crore by offloading the non-core assets of the company as part of its restructuring plans.
“We have various plans for the company. Offloading the non-core assets of Pantaloon to raise close to Rs 300-500 crore is one of them,” Future Group CEO Kishore Biyani said.
At present, FDI is prohibited in multi-brand retailing, and only 51 per cent FDI is allowed in single brand stores.
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