Bharti Group’s Cedar Support Services has offloaded 6% stake in Future Retail for around Rs 1,697 crore, through open market transactions. Cedar has sold 3.03 crore shares, amounting to 6.04% stake in the company.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.