Future Group is reportedly in advanced discussions to acquire the retail business of Hyderabad-based Heritage Foods. The retail major will get more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru, if the planned acquisition goes through. The deal may involve a share swap, besides a cash component.
Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Daily, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
