uture Retail plans stake sale; in talks with Premji Invest, Samara

Debt-laden Future Retail may soon see a change, Founder Kishore Biyani looking to either sell a significant or his entire stake in the company.

An ET report said that Future Retail is in talks with an investor group led by Premji Invest, Reliance Retail, Amazon and Samara Capital for a deal. It is to be noted that Premji Invest already owns an about 6% stake in Future Retail, while Amazon has about 3.2%.

Samara has already signed term-sheet to buy a non-controlling stake in Future Retail, talks with Reliance Retail includes offering a majority stake in Future Lifestyle Fashion, which runs the Central department chain.

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