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Future Group looking at options to bring partners

Future Group earlier sold majority stake in its fashion business Pantaloon to Aditya Birla Group

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Raghavendra Kamath Mumbai

Future Group is looking at various options to bring investors in its various ventures and forge partnerships, said Kishore Biyani, founder and group CEO of the group.

"We need money and we are on the drawing board. We looking at aligning our business or bring strategic partnerships in our ventures,: Biyani said.

Future Group earlier sold majority stake in its fashion business Pantaloon to Aditya Birla Group and sold stake in its financial services company Future Capital Holdings to reduce its mounting debt of around Rs 7,000 crore.

"A lot of private equity and retailers who have 20-30 years of vision want to invest in Indian retail. Money in both-FDI and FII forms will come in," Biyani said.

 

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First Published: Oct 10 2012 | 3:54 PM IST

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