Future Ventures is reportedly planning to sell 5% stake in entertainment and education company ACK Media for about $25-$29 million. ACK Media owns the country’s leading children magazine brands Amar Chitra Katha, Tinkle and Karadi Tales.
Earlier, the company was trying to raise Rs 6-8 billion by offloading stakes in fashion brands to strategic and private equity players. However, the plans have been hit as the rupee volatility and weak capital market conditions spooked investors.
Future Ventures is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
| Company Name | CMP |
|---|---|
| Redington | 214.35 |
| Adani Enterprises | 2472.00 |
| Amrapali Industries | 18.49 |
| Rashi Peripheral | 522.75 |
| PDS | 288.50 |
| View more.. | |
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