BusinessFuture Group to sell stake in supply chain, stationery joint ventures
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Future Group to sell stake in supply chain, stationery joint ventures
In an exclusive chat with NDTV Profit’s Ira Dugal, Uttam Bose, MD, Hindustan Motors, and Enrico Atanasio, head, commercial, FIAT India Automobiles Ltd, say that they are not planning to cut production at least for now.
After announcing a stake sale in Pantaloon and Future Capital, Kishore Biyani-led Future Group is readying itself for more sell-off, including Future Supply Chain and Staples Future Office Products.The group, laden with an estimated consolidated debt of Rs 6,000 crore, is also mulling a stake sale in Future Generali Insurance, a joint venture with Italian insurer Generali Group, according to people close to the development.When conta...