Future Group is reportedly set to acquire southern supermarket chain Nilgiris. Future Group has in principle agreed to acquire the stake of private equity firm Actis Capital along with the minority shareholding of the promoters. Nilgiris is a leading retailer and food brand in south India, having around 140 stores mostly franchisees.
Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over 11 million square feet. It has a network of more than 1000 stores across 63 cities in India and has employee strength of 30,000 people.
