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Future Retail weighs merger options with HyperCity Retail
12 Sep '17
1 min read
Future Retail, which owns the Big Bazaar retain chain, is discussing with HyperCity Retail, part of the K Raheja Corp Group, for a possible merger between the two. All discussions now are exploratory in nature as the company keeps on evaluating possible business associations and transactions, the Kishore Biyani-owned company said in a regulatory filing.
HyperCity has 20 stores in Delhi, Noida, Hyderabad, Mumbai, Bengaluru, Bhopal, Ludhiana, Amritsar, Jaipur, Pune, Ahmedabad and other cities. K Raheja Corp Group also operates retail chains under Shoppers' Stop and Crosswords in India.
Biyani's Future group had earlier acquired Bharti Retail, South India-based convenience store chain Nilgiris and the 136 retail stores of Heritage Food in Hyderabad, Chennai and Bengaluru. (DS)
HyperCity has 20 stores in Delhi, Noida, Hyderabad, Mumbai, Bengaluru, Bhopal, Ludhiana, Amritsar, Jaipur, Pune, Ahmedabad and other cities. K Raheja Corp Group also operates retail chains under Shoppers' Stop and Crosswords in India.
Biyani's Future group had earlier acquired Bharti Retail, South India-based convenience store chain Nilgiris and the 136 retail stores of Heritage Food in Hyderabad, Chennai and Bengaluru. (DS)
Fibre2Fashion News Desk – India
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