Kishore Biyani's Future Retail sees high trade volumes amid Amazon buzz

With a just week of trading left this month, retailer's turnover crosses Rs 610 mn

Optimistic of a big payday, investors and traders have been steadily increasing trades in Future Retail shares as the Kishore Biyani-led company continues its talks with Amazon to sell close to 15 per cent stake to the online marketplace major for around $600 to $700 million. 

Future Retail has signed a term-sheet with Amazon, and the two are negotiating the deal. If things go as planned, Amazon would close the deal by January, sources said. 

“In the past few months, interest in Future Retail’s shares vis-à-vis shares of other similar companies has increased. Buyers are certain that the Amazon deal to buy