PremjiInvest has acquired 6% stake in Future Retail from Cedar Support Services, a subsidiary of Bharti Ventures. The deal is valued at Rs 1,700 crore and Future Retail will get Rs 600 crore following a claw-back arrangement between Future Retail and Bharti Ventures.
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.
