Kishore Biyani-owned Future Group, India’s largest listed retailer by revenues, is negotiating with private equity firm Actis Capital to buy Nilgiris, a Bangalore-based supermarket chain in which it holds a majority stake, a person with knowledge of the negotiations said. If the deal eventually goes through, it will give Biyani control over 140 supermarket chains in south India, where the Future Group is trying to boost its presence.

Source : http://economictimes.indiatimes.com/news/news-by-industry/services/retail/kishore-biyanis-future-group-in-talks-with-actis-capital-to-buy-supermarket-chain-nilgiris/articleshow/26061095.cms

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