"The Board has given in-principle authority for considering various options with regard to Hometown format, however, there is no final understanding which had been arrived at till date," the Kishore Biyani-led firm said in a filing to BSE.
The company said nothing has been finalised yet, adding that we "would avoid giving any disclosures about possible transactions to avoid any speculative activities".
The company was responding to queries that Future group plans to sell home furnishing business Hometown, shut down sportswear arm Planet Sports and merge stores of electronics chain E-zone with supermarket Big Bazaar.
Future Retail's flagship businesses include Big Bazar and Food Bazar.
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