 "Kishore Biyani")
The retail arm of the Kishore Biyani-led Future Group will buy the infrastructure assets of Future Enterprises for up to Rs 4,000 crore, it said on Saturday. The announcement comes at a time when e-commerce giant Amazon is seeking approval of the Competition Commission of India (CCI) for its Rs 1,500-crore transaction with Future Coupons, a Future Retail promoter entity.
In its board meeting on Saturday, Future Retail said the management had given in-principle approval for the acquisition of the assets, adding it would be done in one or more tranches and after getting an independent valuation report.
Future Enterprises
