Future Enterprises has executed shareholders agreement and share purchase agreement for sale of 14% equity shares (12.75% holding of the company and 1.25% holding of management team) of Future Supply Chain Solutions (FSCSL), a subsidiary of the company, to Griffin Partners.
Post sale of 12.75% stake of FSCSL, the company will continue to remain holding company of FSCSL and hold majority stake of 57.42% in FSCSL.
Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.
